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Markus Companys common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per
Markus Companys common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this years financial statements:
Ending Balance | Beginning Balance | |
---|---|---|
Cash | $ 40,000 | $ 40,200 |
Accounts receivable | $ 84,000 | $ 63,700 |
Inventory | $ 70,600 | $ 84,000 |
Current assets | $ 194,600 | $ 187,900 |
Total assets | $ 699,000 | $ 755,600 |
Current liabilities | $ 78,000 | $ 76,500 |
Total liabilities | $ 184,000 | $ 165,600 |
Common stock, $1 par value | $ 152,000 | $ 152,000 |
Total stockholders equity | $ 515,000 | $ 590,000 |
Total liabilities and stockholders equity | $ 699,000 | $ 755,600 |
This Year | |
---|---|
Sales (all on account) | $ 980,000 |
Cost of goods sold | $ 568,400 |
Gross margin | $ 411,600 |
Net operating income | $ 263,250 |
Interest expense | $ 13,500 |
Net income | $ 174,825 |
3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answers to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)
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