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
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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