Question
The following info pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures: Total assets-$360000 stockholder equity-common-$240000 total stockholders equity-$290000 Sales
The following info pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures:
Total assets-$360000
stockholder equity-common-$240000
total stockholders equity-$290000
Sales revenue-$94000
Net income-$21200
Numbers of shares of common stock-$6000
Common dividends-5300
Preferred dividends-$8500
What is Brambles payout ratio?a)10% b)25.00% c)18% d)38%
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Fundamentals Of Accounting
Authors: Claudia Gilbertson
10th Edition
1111581169, 978-1111581169
