Question
The following information pertains to Oriole Company. Assume that all balance sheet amounts represent average balance figures. Total assets $390000 Stockholders' equity-common 270000 Total stockholders'
The following information pertains to Oriole Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$390000
Stockholders' equity-common
270000
Total stockholders' equity
280000
Sales revenue
114000
Net income
21800
Number of shares of common stock
8000
Common dividends
5900
Preferred dividends
8400
What is Oriole's payout ratio?
40%.
20%.
27.06%.
12%.
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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
