General Accounting Question Summit Enterprises has a net income of $8,000 and paysa dividend of $3,200.What is the Dividend Payout Ratio?(a) 50%(b) 40%(c) 60%(d) 25%

Step 1: Definition of Dividend Payout RatioThe Dividend Payout Ratio is a financial metric that…

Answered: Summit Enterprises has a net income of…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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QUESTION: CATHERINE'S CONSULTING HAS NET INCOME OF $4,400 AND TOTAL EQUITY OF $39,450. THE DEBT-EQUITY RATIO IS 1 AND THE PLOWBACK RATIO IS 40 PERCENT. WHAT IS THE RETURN ON ASSETS? QUESTION: AL'S MARKETS EARNS $0.12 IN PROFIT FOR EVERY $1 OF EQUITY AND BORROWS $0.65 FOR EVERY $1 OF EQUITY. WHAT IS THE FIRM'S RETURN ON ASSETS? A) 12.00 PERCENT B) 7.27 PERCENT C) 8.33 PERCENT D) 15.15 PERCENT E) 13.75 PERCENT
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Summit Enterprises has a net income of $8,000 and pays a dividend of $3,200. What is the Dividend Payout Ratio? (a) 50% (b) 40% (c) 60% (d) 25%