Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's dividend payout ratio is closest to:
A. 1.7%
B. 17.1%
C. 26.3%
D. 1.3%
Answer: C
You might also like to view...
Stable relationships are expected between specific accounts (for example, cost of goods sold and sales) that can be investigated for unusual discrepancies
a. True b. False Indicate whether the statement is true or false
Under the RMBCA, corporate existence begins when the articles of incorporation are filed with the secretary of state
Indicate whether the statement is true or false
An agency may not be ended by:
a. unilateral notice by the agent b. unilateral notice by the principal c. mutual consent by agent and principal d. lapse of agreed-upon time e. decision of a third party opposed to the agency
__________ means that people enjoy their jobs and are satisfied with their work conditions, contribute enthusiastically to meeting team and organizational goals, and feel a sense of belonging and commitment to the organization.
A. Commitment B. Engagement C. Employee loyalty D. Employee assurance E. Empowerment