calculate dividend payout ratio (%)

include working

2016 10,000 112,000 2.500 109,500 20,000 189,500 67,000 3,000 32.000 122.000 36,000 $6,000 3,000 278,500 TWICKER FURNITURE CO. 2 BALANCE SHEET 3 Assets 4 Cash 5 Accounts receivable Less: allowance for doubtful accounts 7 Net accounts receivable Inventory 9 Total current assets 10 Furniture and fixtures 11 Leasehold improvements 12. Transportation equipment 13 Gross fixed assets 14 Less: Accum. depreciation 15 Net fixed assets 16 Intangible assets 17 Total assets TB 19 Liabilities 20 Notes payable bank short-term 21 Accounts payable trade 22 Income taxes payable 2 Accrued bonuses 24 Total current liabilities 25 Subordinated debt officers 26 other long-term debt 27 Total long-term debt 2 Total liabilities 2017 5,000 109,000 7,500 106,500 68,000 179,500 65,000 3,000 53,000 121,000 43.000 78,000 3.000 260.500 2018 4,000 109,000 2.500 106,500 20.000 180,500 69,000 3,000 51.000 123.000 50.500 72.500 3.000 256,000 2017 34.000 700.000 234.000 160,500 27,000 21.000 2,000 0 INCOME STATEMENT item Net sales Cost of goods sold Gross profit Selling ger, and admin. Expense Officer's compensation Rent expenses Bad debt expense Profit-sharing expense Depreciation expense Total operating expenses Operating income Other income Interest income Rental income Interest expense Net profit before tax Taxes Net profit after tax 2016 930,000 691.000 237,000 159,000 25,000 20.000 2.000 0 1,000 212.000 25,000 2,000 3,000 1,800 4112 27.430 5.72 21.715 2.000 2018 937,000 700.000 285,000 162.000 27,000 27,000 2,000 0 2.500 220.500 14.500 1.500 3.000 2,000 2017 18.363 3.856 14.502 217.500 16,500 1,500 2,000 2,000 4554 18.446 3.824 14.572 74,000 43.000 9,000 2.000 135,000 5,000 79,500 84.500 219,500 78,000 46,000 8,000 2,009 139,000 5.000 41.928 48,928 187,928 75,500 32,000 9,000 14.000 130.500 4.000 37 421 41471 171,922 Nath D 0 3,000 278,500 3.000 200,500 2,000 256,000 3,000 2,000 Interest income Rental income Interest expense Net profit before tax Taxes Net profit after tax 2,617 H 1,000 2.000 4,554 18.466 3.824 14.522 1.800 4.312 27,458 5.772 21,716 18,360 14,507 16 Intangible assets 17 Total assets 10 10 abilities 20 Notes payable bank short-term 21 Accounts payable-trade 22 Income taxes payable 23. Accrued bonuses 24 Total current liabilities 25 Subordinated debt officers 26 Other long-term debt 27 Total long term debt 28 Total liabilities 29 30 Net worth 31 Common stock 32 Retained earnings 33 Intangible equity 34 Total net worth 35 Total liabilities and net worth 36 37 36 Notes: 19. Current Maturity of Long-Term Debt 40 74.000 43,000 9,000 9.000 135,000 5,000 79,500 84,500 219,500 78,000 44,000 3.000 9,000 139,000 5,000 43,928 48,928 187,928 75,500 32,000 9,000 14,000 130,500 4.000 37,421 41,421 171,921 2,000 54,000 3.000 59.000 278,500 2.000 67,572 3.000 22.572 260,500 2,000 79,079 3,000 84,079 256,000 3.532 2.160 1,829