Question
The following information is available for Crane Enterprises: 2014 2013 Current liabilities $168,000 $196,000 Long-term liabilities 272,000 336,000 Common stockholders' equity 732,000 880,000 Preferred stockholders
The following information is available for Crane Enterprises:
2014 | 2013 | |||
---|---|---|---|---|
Current liabilities | $168,000 | $196,000 | ||
Long-term liabilities | 272,000 | 336,000 | ||
Common stockholders' equity | 732,000 | 880,000 | ||
Preferred stockholders equity | 108,000 | 108,000 | ||
Dividends paid to common stockholders | 38,400 | 33,600 | ||
Dividends paid to preferred stockholders | 31,520 | 9,600 | ||
Interest expense | 20,000 | 16,800 | ||
Net income | 96,000 | 160,000 | ||
Income tax expense | 34,000 | 43,200 | ||
Net sales | 4,760,000 | 4,960,000 | ||
Common shares outstanding | 64,000 | 59,200 |
Calculate each of the following for 2014. (Round last four answers to 1 decimal place, e.g. 527.5.)
Payout ratio for 2014 | enter the payout ratio for 2014 in percentages % |
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