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find the payout ratio and return on common stockholders' equity. thank you! On January 1,2025, Bramble Corp. had these stockholders' equity accounts. During the year,
find the payout ratio and return on common stockholders' equity. thank you!
On January 1,2025, Bramble Corp. had these stockholders' equity accounts. During the year, the following transactions occurred. Jan: 15 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10\% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $12 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Declared a \$0,60 per share cash dividend to stockholders of record on December 15, payable January 10, 2026. Dec. 31 Determined that net income for the year was $352,000. Dec 1 Cash Dividends 43560 Dividends Payable 43560 Dec. 31 Income Summary 352000 Retained Earnings 352000 (Toclose net income) Doc. 31 Retained Earnings 79200 Stock Dividends Q 79200 (To close stock dividends) Dec. 31 Retained Earnings 83160 Cash Dividends 83160 (To close cash dividends) Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimal place, es. 12.5\%.) Step by Step Solution
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