Given the following data for Alpine Corp: Total assets: $420,000 Stockholder equity-Common: $280,000 Total stockholders' equity: $340,000 Sales revenue: $112,000 Net income: $24,500 Number of shares: 7,000 Common dividends: $6,200 Preferred dividends: $9,800 What is Alpine's payout ratio? a. 45% b. 65% c. 75% d. 85%

Given the following data for Alpine Corp: Total assets: $420,000 Stockholder equity-Common: $280,000 Total stockholders' equity: $340,000 Sales revenue: $112,000 Net income: $24,500 Number of shares: 7,000 Common dividends: $6,200 Preferred dividends: $9,800 What is Alpine's payout ratio? a. 45% b. 65% c. 75% d. 85%

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 54E: 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.)
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The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures. Total assets $330000 Stockholders' equity-common 210,000 Total stockholders' equity 298,000 Sales revenue 110,000 Net income 20,600 Number of shares of common stock 7,500 Common dividends 4,700 Preferred dividends 8,300 What is Windsor's payout ratio? a. 8%. b. 22.82%. c. 16%. d. 36%.
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