Fastlane Company has 50,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred stockholders received dividends this year totaling $120,000. Common stockholders received dividends totaling $200,000. If the dividend payout ratio for the year was 80%, then the net income was:
A) $400,000
B) $370,000
C) $160,000
D) $250,000
B
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A. the hourly wage rate. B. the average product of labor. C. total factor productivity. D. total output.
The valid percentage column in a frequency distribution represents percentages calculated by excluding the cases with missing values
Indicate whether the statement is true or false
Why should a code of ethics be put into writing regardless of the size of the business?:
a. It adds value to the share price b. It helps stakeholders know which behaviors are acceptable and which are not c. It satisfies the needs of the board d. It helps profits
A current ratio greater than 1 can tell us that the company ________
A) should be able to cover the current liabilities B) should be able to keep away from short-term cash problems C) may have too much capital tied up in current assets D) All of these