Bertram Corporation had a net income of $325,000 and paid dividends to common stockholders of $39,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Bertram Corporation's payout ratio for 2014 is

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Bertram Corporation had a net income of $325,000 and paid
dividends to common stockholders of $39,000 in 2014. The
weighted average number of shares outstanding in 2014 was
50,000 shares. Bertram Corporation's common stock is selling
for $52 per share on the New York Stock Exchange.
Bertram Corporation's payout ratio for 2014 is
Transcribed Image Text:Bertram Corporation had a net income of $325,000 and paid dividends to common stockholders of $39,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Bertram Corporation's payout ratio for 2014 is
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