A company had net income of $55,000 and paid dividends to common shareholders of $6,000 for the year. The weighted average number of common shares outstanding during the year was 1,000 shares. The company's common shares are trading at $70 per share on the Toronto Stock Exchange. The company's payout ratio for the year is O 4.2%. 12.2%. O 10.9%. O 5.8%. Save for Later Submit Answer

A company had net income of $55,000 and paid dividends to common shareholders of $6,000 for the year. The weighted average number of common shares outstanding during the year was 1,000 shares. The company's common shares are trading at $70 per share on the Toronto Stock Exchange. The company's payout ratio for the year is 4.2% 12.2% 10.9% 5.8%