Question
The following information pertains to Splish Company. Assume that all balance sheet amounts represent average balance figures. Total assets $410000 Stockholders' equity-common 290000 Total stockholders'
The following information pertains to Splish Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$410000
Stockholders' equity-common
290000
Total stockholders' equity
262000
Sales revenue
105000
Net income
22200
Number of shares of common stock
8000
Common dividends
6300
Preferred dividends
8300
What is Splish's payout ratio?
28.38%.
22%.
42%.
13%.
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
