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cate the respective effects of the declaration of a cash dividend on the following balance sheet sections: Stockholders' Equity Decrease Increase Decrease No change Liabilities
"cate the respective effects of the declaration of a cash dividend on the following balance sheet sections: Stockholders' Equity Decrease Increase Decrease No change Liabilities No change Decrease Increase Increase Total Assets Decrease No change No change Increase 16. The numerator of the payout ratio is: a. total cash dividends declared. b. total cash dividends paid. c. cash dividends declared on common stock. d. cash dividends declared on preferred stock. 17. Sheridan Corporation had net income of $250,000 and paid dividends of S36,000 to common stockholders and $11,000 to preferred stockholders in 2018. Sheridan Corporation's common stockholders' equity at the beginning and end of 2018 was $910,000 and $1090,000, respectively. Sheridan Corporation's return on common stockholders' equity was: a. 18.62% b. 20.30%. c. 21.40% d. 23.90%
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