Multiple Choice Question 103 Bramble Corp. had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 $ 10300 92400 8 Market price of stock, 12/31/18 10 Common stockholders' equity, 12/31/17 1552000 Common stockholders' equity, 12/31/18 1970000 Outstanding shares, 12/31/18 168000 Preferred dividends for the year ended 2018 14800 What is the payout ratio for Bramble Corp. for the year ended 2018? 11.1% 18.0% 16.0% 13.3% Multiple Choice Question 108 Crane Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 $ 7700 87000 8 Market price of stock, 12/31/18 10 Common stockholders' equity, 12/31/17 992000 Common stockholders' equity, 12/31/18 1198000 Outstanding shares, 12/31/18 101000 Preferred dividends for the year ended 2018 10000 What is the payout ratio for Crane Company for the year ended 2018? 23.6% 8.9% 16.1% 10.0%