Question
1.Wilco Company reports the following. Dividend payout ratio for 2005 was: 2004 Retained earnings - $1,300,000 Common Stock - $500,000 Paid in Capital - $3,000,000
1.Wilco Company reports the following. Dividend payout ratio for 2005 was:
2004
Retained earnings - $1,300,000
Common Stock - $500,000
Paid in Capital - $3,000,000
Net Income For Year - $400,000
2005
Retained earnings - $2,000,000
Common Stock - $500,000
Paid in Capital - $3,000,000
Net Income For Year - $900,000
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
