Presented below are selected data from the financial statements of provost corp. 2017 2016 net income $110,000 $123,000 cash dividends paid on common stock $42,000 $38,000 market price per share of common stock at the end of the year $16.00 $13.00 shares of common stock outstanding 140,000 140,000 the dividend payout ratio for 2017 is
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Ответ:
38.18%
Explanation:
Data provided in the question:
Year 2017 2016
Net income $110,000 $123,000
Cash dividends paid on common stock $42,000 $38,000
Market price per share of common stock $16.00 $13.00
Shares of common stock outstanding 140,000 140,000
Now,
Dividend payout ratio for 2017
= [ Dividend paid in 2017 ] ÷ [ Net income in 2017]
or
= $42,000 ÷ $110,000
= 0.3818
or
= 0.3818 × 100%
= 38.18%
Ответ: