Question
The following information pertains to Ayayai Company. Assume that all balance sheet amounts represent average balance figures. Total assets $350000 Stockholders' equity-common 230000 Total stockholders'
The following information pertains to Ayayai Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$350000
Stockholders' equity-common
230000
Total stockholders' equity
284000
Sales revenue
102000
Net income
21000
Number of shares of common stock
8000
Common dividends
5100
Preferred dividends
7600
What is Ayayai's payout ratio?
18%.
9%.
38%.
24.29%.
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Managerial Accounting
Authors: Sivaramakrishna, Ramji Balakrishnan
1st Edition
0471467855, 978-0471467854
