Question
The following information pertains to Blossom Company. Assume that all balance sheet amounts represent average balance figures. Total assets $405000 Stockholders' equity-common 285000 Total stockholders'
The following information pertains to Blossom Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$405000
Stockholders' equity-common
285000
Total stockholders' equity
277000
Sales revenue
90000
Net income
22100
Number of shares of common stock
7000
Common dividends
6200
Preferred dividends
8400
What is Blossom's payout ratio?
28.05%.
41%.
13%.
21%.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
