Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets 4,630 4,680 Accounts payable 32

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Balance Sheet Year 2014 & 2015

(amounts in $) 2014 2015

Cash 140 210

Accounts receivable 340 380

Inventory 550 590

Net fixed assets 3,600 3,500

Total assets 4,630 4,680

Accounts payable 320 280

Notes payable 400 300

Long-term debt 1,100 1,400

Common stock 1,200 980

Retained earnings 1,610 1,720

Total liabilities and equity 4,630 4,680

Income statement Year 2015

Sales 6,230

COGS 4,720

Depreciation 440

Interest 75

Taxes 350

Net income 645

Number of shares outstanding 100

What is the dividend payout ratio for 2015?

 

a. 0.83

 

b. 0.04

 

c. 0.39

 

d. 0.02

 

e. 0.67

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