Question
The following information pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures. Total assets $360000 Stockholders' equity-common 240000 Total stockholders'
The following information pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures.
| Total assets | $360000 |
| Stockholders' equity-common | 240000 |
| Total stockholders' equity | 290000 |
| Sales revenue | 94000 |
| Net income | 21200 |
| Number of shares of common stock | 6000 |
| Common dividends | 5300 |
| Preferred dividends | 8500 |
What is Bramble's payout ratio?
| A | 10%. |
| B | 38%. |
| C | 25.00%. |
| D | 18%. |
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
