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The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were

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The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets $30,000 Cash and short-term investments Accounts receivable (net) 20,000 Inventory 15,000 Property, plant and equipment 185,000 Total Assets $250,000 S45,000 70,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 80,000 55,000 $250,000 Income Statement Sales $85,000 Cost of goods sold 45,000 Gross margin $40,000 Operating expenses Interest expense (15,000) (5,000) $20,000 Net income 6,000 $20 Number of shares of common stock outstanding Market price of common stock Total dividends paid Cash provided by operations What is the dividend yield for Diane Company? $9,000 $30,000 a. 0.75% b. 13.396 O c. 1.39 O d. 7.5%

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