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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 al sales were
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that al sales were on credit. Use this information to answer the question that follow Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Tot assets $ 30,000 20,000 15.000 000 $250,000 Lalities and Stockholders' Equity Currentlablities Long term liblibes Stockholders oily Common Total be d stockholders equity $ 45.000 70,000 135,000 $250,000 Income Statement God of salt $35,000 45.000 $40.000 L5,000) 15.000 520000 Interesse Nu am Number of shares of common stock outstanding Marit price of common stock Total dividends pard Cash provided by pations $9,000 $3000 Using the data provided for Diane Company, what is the dividend yield? a. 13.3% b. 0.75% c. 7.5% d. 1.3%
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