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Multiple Choice Question 146 Splish Brothers Inc. had net income of $2011000 and paid dividends to common stockholders of $322000 in 2017. The weighted average

Multiple Choice Question 146

Splish Brothers Inc. had net income of $2011000 and paid dividends to common stockholders of $322000 in 2017. The weighted average number of shares outstanding in 2017 was 417000 shares. Splish Brothers Inc. common stock is selling for $50 per share on the NASDAQ. Splish Brothers Inc.'s payout ratio for 2017 is

A_

$5 per share.

B_

 13%.

C_

 16%.

D_

 8%.

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