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Uhri Corporation has provided the following data: Year 2 Year 1 Common stock, 80,000 shares, $4 par value 320,000 $ 320,000 Net operating income 71,429
Uhri Corporation has provided the following data: Year 2 Year 1 Common stock, 80,000 shares, $4 par value 320,000 $ 320,000 Net operating income 71,429 51,429 36,000 Net income before taxes Net income Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.08 per share. The company's dividend payout ratio for Year 2 is closest to 7.8% O 1.3% 0.8% 5.3%
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