Question
The following information pertains to Wildhorse Company. Assume that all balance sheet amounts represent average balance figures. Total assets $380000 Stockholders' equity-common 260000 Total stockholders'
The following information pertains to Wildhorse Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$380000
Stockholders' equity-common
260000
Total stockholders' equity
297000
Sales revenue
120000
Net income
21600
Number of shares of common stock
7000
Common dividends
5700
Preferred dividends
7700
What is Wildhorse's payout ratio?
20%.
11%.
40%.
26.39%.
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
