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Determine the proportion of 2020 Net Income that is paid out as Dividends by dividing Dividends by Net Income. Round to nearest whole percent. Sales

Determine the proportion of 2020 Net Income that is paid out as Dividends by dividing Dividends by Net Income. Round to nearest whole percent.


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Sales Cost of Goods Sold Tardis Time Management Company Income Statements $000s 2019 $ 9,900 6,930 Fixed Costs 1,800 Depreciation 410 Earnings Before Interest & Taxes $ 760 Interest 56 Taxable Income Taxes (@34%) $ 704 239 Net Income Dividends Additions to Retained Earnings SSS $ 465 $ 255 $ 210 Sales Cost of Goods Sold Fixed Costs Depreciation Earnings Before Interest & Taxes Interest Taxable Income Taxes (@34%) Net Income Dividends Additions to Retained Earnings 2020 $ 10,500 7,350 1,800 430 $ 920 56 $ 864 69 69 69 $ $ 294 570 313 257

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