Orion Systems provides the following financial data for 2023: Balance Sheet (in $) Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Accounts Payable Notes Payable Long-term Debt Common Stock Retained Earnings Total Liabilities & Equity Income Statement (2023) Sales = 7,500 Depreciation = 500 COGS = 5,600 Interest 100 2022 2023 200 300 500 550 700 750 4,000 3,900 5,400 5,500 400 350 500 400 1,500 1,700 1,400 1,100 1,600 1,950 5,400 5,500 Taxes = 400 Net Income = 900 Number of Shares Outstanding = 120 What is the dividend payout ratio for 2023?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What is the dividend payout ratio of this financial accounting question?

Orion Systems provides the following financial data for 2023:
Balance Sheet (in $)
Cash
Accounts Receivable
Inventory
Net Fixed Assets
Total Assets
Accounts Payable
Notes Payable
Long-term Debt
Common Stock
Retained Earnings
Total Liabilities & Equity
Income Statement (2023)
Sales = 7,500
Depreciation = 500
COGS = 5,600
Interest 100
2022 2023
200 300
500
550
700 750
4,000 3,900
5,400 5,500
400 350
500 400
1,500 1,700
1,400 1,100
1,600 1,950
5,400 5,500
Taxes = 400
Net Income = 900
Number of Shares Outstanding = 120
What is the dividend payout ratio for 2023?
Transcribed Image Text:Orion Systems provides the following financial data for 2023: Balance Sheet (in $) Cash Accounts Receivable Inventory Net Fixed Assets Total Assets Accounts Payable Notes Payable Long-term Debt Common Stock Retained Earnings Total Liabilities & Equity Income Statement (2023) Sales = 7,500 Depreciation = 500 COGS = 5,600 Interest 100 2022 2023 200 300 500 550 700 750 4,000 3,900 5,400 5,500 400 350 500 400 1,500 1,700 1,400 1,100 1,600 1,950 5,400 5,500 Taxes = 400 Net Income = 900 Number of Shares Outstanding = 120 What is the dividend payout ratio for 2023?
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