Anson Corporation's net income last year was P7,975,000. The dividend on common stock was P8.20 per share and the dividend on preferred stock was P3.50 per share. The market price of common stock at the end of the year was P59.10 per share. Throughout the year, 500,000 shares of common stock and 200,000 shares of preferred stock were outstanding. The dividend payout ratio a) 1.06 b) 0.51 c) 0.56 d) 1.29
1. Anson Corporation's net income last year was
P7,975,000. The dividend on common stock was
P8.20 per share and the dividend on
stock was P3.50 per share. The market price of
common stock at the end of the year was P59.10
per share. Throughout the year, 500,000 shares of
common stock and 200,000 shares of preferred
stock were outstanding. The dividend payout
ratio
a) 1.06 b) 0.51 c) 0.56 d) 1.29
2. The following information appeared in the accounting records of a retail store for the year ended Dec. 31, 2019:
Sales P300,000
Purchases 140,000
Inventories January 1 70,000
December 31 100,000
Sales Commission 10,000
The gross margin was
a. P190,000 b. P 180,000 c. P160,000 d. P 150,000
3. Spark Co’s calculated the following ratios for one of its profit centers :
Gross Margin 30% Capital turnover 5 times
Return on sales 25%. Return on assets was
a. 25% b. 20% c. 125% d. 12.5%
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