Question
The following information pertains to Pina Colada Company. Assume that all balance sheet amounts represent average balance figures. Total assets $385000 Stockholders' equity-common 265000 Total
The following information pertains to Pina Colada Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$385000
Stockholders' equity-common
265000
Total stockholders' equity
264000
Sales revenue
99000
Net income
21700
Number of shares of common stock
7500
Common dividends
5800
Preferred dividends
7500
What is Pina Colada's payout ratio?
-40%
-26.73%
-20%
-12%
(please show have answer was achieved)
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
