Target had net income of $140,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2020. Target's common stockholders' equity at the beginning and end of 2020 was $870,000 and $1,130,000, respectively. Target's payout ratio for 2020 was O 4% 42.9% O 28.6% O 14.3%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Target had net income of $140,000 and paid dividends of $40,000 to common
stockholders and $20,000 to preferred stockholders in 2020. Target's common
stockholders' equity at the beginning and end of 2020 was $870,000 and
$1,130,000, respectively. Target's payout ratio for 2020 was
O 4%
42.9%
O 28.6%
O 14.3%
Transcribed Image Text:Target had net income of $140,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2020. Target's common stockholders' equity at the beginning and end of 2020 was $870,000 and $1,130,000, respectively. Target's payout ratio for 2020 was O 4% 42.9% O 28.6% O 14.3%
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