Question
Vaughn Corporation had net income of $2,120,000 and paid dividends to common stockholders of $284,080 in 2017. The weighted average number of shares outstanding in
Vaughn Corporation had net income of $2,120,000 and paid dividends to common stockholders of $284,080 in 2017. The weighted average number of shares outstanding in 2017 was 500,000 shares. Vaughn Corporation's common stock is selling for $55 per share on the NASDAQ. Vaughn Corporation's payout ratio for 2017 is
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A. $4.2 per share.
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B. 10.4%.
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C. 13.4%.
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D. 6.2%.
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
