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The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for
The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $1.75 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Ending Balance $ 27,000 $ 48,000 $ 45,100 $ 120,100 Beginning Balance $ 43,800 $ 41,300 $ 48,000 $ 133,100 $ 312,000 $ 263,800 $ 49,500 $ 34,500 $ 82,000 $ 73,800 $ 105,000 $ 105,000 $ 230,000 $ 190,000 Total liabilities and stockholders' equity $ 312,000 $ 263,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $ 580,000 $ 336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Foundational 14-3 (Algo) 3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answers to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.) Dividend payout ratio Dividend yield ratio % %
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