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Question 17 1 pts alifornia Company reported total stockholders' equity of $1,500,000 at December 31, 2011. In addition, there were 160,000 shares of common stock
Question 17 1 pts alifornia Company reported total stockholders' equity of $1,500,000 at December 31, 2011. In addition, there were 160,000 shares of common stock and zero shares of preferred stock outstanding for the entire year. During 2011, California earned net income equal to $200,000 which included deductions of $14,000 for interest and $30,000 for income taxes. Total dividends declared and paid to common stockholders during the year were $120,000. The company's statement of cash flows showed $130,000 in net cash inflows from operating activities and its stock was selling for $34 per share. If the dividend payout ratio is calculated as dividends per share Earnings per share, what is California Company's dividend payout ratio at the end of 2011? ? 60% o 70% o 80% ? 65% Question 18 1 pts Which of the following audit opinions indicates that the financial statements are presented fairly in all material respects? It is also called a "clean" opinion. Disclaimer of opinion Qualified opinion Adverse opinion O Unqualified opinion
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