Question
Consider the following data for a corporation: Net income $800,000 Preferred stock dividends $50,000 Market price per share of stock $25 Average common stockholders equity
Consider the following data for a corporation:
Net income $800,000
Preferred stock dividends $50,000
Market price per share of stock $25
Average common stockholders equity $4,000,000
Cash dividends declared on common stock $20,000
What is the payout ratio?
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy M. Tietz
2nd Custom Edition
1269396803, 978-1269396806
