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(Click on the icon here in order to copy its contents of the data table below into the 5-year p a spreadsheet.) Southern Cities Trucking

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(Click on the icon here in order to copy its contents of the data table below into the 5-year p a spreadsheet.) Southern Cities Trucking Company has the following five-year record of earnings per share: Which of the following procedures would produce higher dividends to stockholders over this five-year period? a. Paying out dividends at a fixed ratio of 29% of EPS. b. Paying out dividends at a fixed rate of $1.12 per share. a. If they pay out dividends at a fixed ratio of 29% of EPS, the total of the dividends over the 5 -year period is $ (Round to the nearest cent.)

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