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Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015                      $       12,000 Net income for the year ended 2015                         115,000 Market price of stock, 12/31/14                                          10 Market price of stock, 12/31/15                                          12 Common stockholders’ equity, 12/31/14                1,600,000 Common stockholders’ equity, 12/31/15                1,980,000 Outstanding shares, 12/31/15                                   180,000 Preferred dividends for the year ended 2015              15,000               What is the payout ratio for Layne Corporation for the year ended 2015? a. 30.1% b. 18.1% c. 14.7% d. 12.0%

Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015                      $       12,000 Net income for the year ended 2015                         115,000 Market price of stock, 12/31/14                                          10 Market price of stock, 12/31/15                                          12 Common stockholders’ equity, 12/31/14                1,600,000 Common stockholders’ equity, 12/31/15                1,980,000 Outstanding shares, 12/31/15                                   180,000 Preferred dividends for the year ended 2015              15,000               What is the payout ratio for Layne Corporation for the year ended 2015? a. 30.1% b. 18.1% c. 14.7% d. 12.0%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015:

Cash dividends for the year 2015                      $       12,000

Net income for the year ended 2015                         115,000

Market price of stock, 12/31/14                                          10

Market price of stock, 12/31/15                                          12

Common stockholders’ equity, 12/31/14                1,600,000

Common stockholders’ equity, 12/31/15                1,980,000

Outstanding shares, 12/31/15                                   180,000

Preferred dividends for the year ended 2015              15,000

 

            What is the payout ratio for Layne Corporation for the year ended 2015?

a. 30.1%

b. 18.1%

c. 14.7%

d. 12.0%

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