ting Spring 2019 I. Multiple Cholces (4 poists each 1. Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2020. The weighted average number of shares oustanding in 2020 wa 60,000 shares. Ale Corporation's common stock is selling for 560 per shane on the New York Stock Exchange. Ale Corporation's payout ratio fior 2020 is A) $0.71 per share. 13) 25% C) 16.7% D)8%. 2. Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are Fixed manufacturing costs Variable manufactaring costs Nikoto produced 40,000 tons of steel during March. How much is the flexible budget for total 530,000 per month $12.00 per ton of sieel A) S520,000for March? B) $650,000 C) $480,000 D) $530,000 3. Assume the following sales data for a company $945,000 877,500 675,000 2020 2019 2018 If 2018 is the base year, what is the percentage increase in sales from 2018 to 20197 A) 76.9% B)30% c) 40% D) 71.4% 4. Bogey Co. recorded operating data for its headivisionfor the year. Bogey requires its 160,000 100,000 return to be 10%. Sales Controllable margin Total average assets Fixed costs What is the ROI for the year? A) 4% B) 35% c) 6% D) 1.5% $ 1,400,000 Page 2 Version 2