Delatrinidad Corporation's net income last year was $7,739,000. The dividend on common stock was $12.8 per share and the dividend on preferred stock was $2.9 per share. The market price of common stock at the end of the year was $53.6 per share. Throughout the year, 420,000 shares of common stock and 210,000 shares of preferred stock were outstanding. What is the dividend payout ratio?

Delatrinidad Corporation's net income last year was $7,739,000. The dividend on common stock was $12.8 per share and the dividend on preferred stock was $2.9 per share. The market price of common stock at the end of the year was $53.6 per share. Throughout the year, 420,000 shares of common stock and 210,000 shares of preferred stock were outstanding. What is the dividend payout ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
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General Accounting
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 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 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…
Sandhill, Inc. reports net income of $737800. It declares and pays dividends of $85000 for the year, one-half of which relate to the preferred shares. The weighted-average number of common shares outstanding during the year is 170000 shares, and the weighted- average number of preferred shares outstanding during the year is 8500 shares. Earnings per share for Sandhill, Inc. is: