Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars except earnings per share.) 2016 $210,000 125,000 9,200 3,500 4.60 Sales revenue Cost of goods sold Net income Dividends Earnings per share Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Assets Cash Accounts receivable (net) Inventory Dec. 31, 2016 Dec. 31, 2015 $18,000 41,000 43,700 102,700 50,500 13,800 $167,000 $18,300 46,000 39,500 103,800 52,600 15,600 $172,000 Total current assets Plant assets (net) Other assets Total assets Liabilities and Stockholders' Equity Notes payable-banks Accounts payable Accrued liabilities $6,000 22,500 16,500 45,000 40,000 85,000 50,000 37,000 $6,000 18,700 21,000 45,700 40,000 85,700 50,000 31,300 Total current liabilities 9% Bonds payable Total liabilities Common stock, $25 par value (2,000,000 shares) Retained earnings 45,700 40,000 85,700 50,000 31,300 81,300 $167,000 Total current liabilities 45,000 40,000 85,000 50,000 37,000 87,000 $172,000 996 Bonds payable Total liabilities Common stock, $25 par value (2,000,000 shares) Retained earningS Total stockholders' equity Total liabilities and stockholders' equity Industry Average Ratios for Competitors Quick ratio Current ratio Accounts receivable turnover 5.9 times nventory turnover Debt-to-equity ratio Gross profit percentage Return on sales Return on assets 2.4 3.5 times 0.73 42.8 percent 4.5 percent 7.6 percent Calculate the company's dividends paid per share of common stock for 2016 Round answer to two decimal places What is the dividend payout ratio? Round answer to one decimal place. Ex: 0.2345-23.5% Save Answers Previous page