Question
2.0 B, Inc. stock is selling for $31.50 per share. It's net income for the year was $210,000. It pays dividends of $1.47 per share.
2.0 B, Inc. stock is selling for $31.50 per share. It's net income for the year was $210,000. It pays dividends of $1.47 per share. Other information is shown below.
| Assets | $7,000,000 |
| Liabilities | $5,740,000 |
| Stock shares outstanding | 100,000 |
Problem 3.1
The dividend payout rate is:
Group of answer choices
4.67%
15.00%
70.00%
47.62%
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Managerial Accounting
Authors: Linda Smith Bamber, Karen Wilken Braun, Jr. Harrison, Walter T.
1st Edition
0138129711, 978-0138129712
