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Lazy Lightning Power Corp. manufactures, distributes, and services automotive parts and engines worldwide. Lazy's income statement for the year just ending is shown below. What
Lazy Lightning Power Corp. manufactures, distributes, and services automotive parts and engines worldwide. Lazy's income statement for the year just ending is shown below. What was Lazy Lightning's dividend payout rate? Lazy Lightning Power Corp. Income Statement Revenue Cost of Goods Sold SG&A Depreciation Expense EBIT Interest Expense Pre-Tax Income Income Tax $19.115 14.255 2.245 344 2,271 47 2.223 767 O A. 12.79% O B. 17.50% O C. 14.80% OD. 13.07% O E. 19.95% Revenue Cost of Goods Sold SG&A Depreciation Expense EBIT Interest Expense Pre-Tax Income Income Tax Net Income $19.115 14.255 2.245 344 2.271 47 2.223 767 1.456 Shares Outstanding (millions) Total Common Dividends 175 $290.5 O A. 12.79% OB. 17.50% O C. 14.80% OD. 13.07% O E. 19.95%
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