Question
The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $355000 Stockholders' equity-common 235000 Total stockholders'
The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$355000
Stockholders' equity-common
235000
Total stockholders' equity
294000
Sales revenue
97000
Net income
21100
Number of shares of common stock
6000
Common dividends
5200
Preferred dividends
8500
What is Sunland's payout ratio?
38%.
10%.
24.64%.
18%.
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
