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Select data for Banana Corp is identified below: 2022 2021 Net Income $40,800 $21,500 Dividends Declared 30,000 18,000 Dividends Per Share 1.15 1.10 Share Price

Select data for Banana Corp is identified below:

2022 2021

Net Income $40,800 $21,500

Dividends Declared 30,000 18,000

Dividends Per Share 1.15 1.10

Share Price 40.00 25

A)Calculate the payout ratio and dividend yield for each year? B) comment on the year over year change(s)

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