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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 Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment $30,000 20,000 15,000 185.000 Total Assets $250,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities $45,000 70,000 Common stock 80,000 Retained earnings 55,000 Total liabilities and stockholders' equity $250,000 Income Statement Sales $85,000 Cost of goods sold 45.000 Gross margin Operating expenses Interest expense $40,000 (15,000) (5,000) 520,000 Net Income Income Statement $85,000 45,000 Sales Cost of goods sold Gross margin Operating expenses Interest expense $40,000 (15,000) (5,000) Net income $20,000 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? 6,000 $20 $9,000 $30,000 a. 7.5% b. 0.75% OC. 13.3% d. 1.3%

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