Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ayayai Corp. had net income of $1680000 and paid dividends to common stockholders of $336000 in 2022. The weighted average number of shares outstanding in
Ayayai Corp. had net income of $1680000 and paid dividends to common stockholders of $336000 in 2022. The weighted average number of shares outstanding in 2022 was 840000 shares. Ayayai Corp. common stock is selling for $50 per share on the NASDAQ. Ayayai Corp. payout ratio for 2022 is
A. $2 per share.
B. 20%.
C. 5%.
D. 31%.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started