The following financial information pertains to Stratford Manufacturing Inc. Assume that all balance sheet amounts represent average balance figures. ⚫ Total Assets = $500,000 • Stockholders' Equity (Common) = $350,000 • . Total Stockholders' Equity = $420,000 Sales Revenue = $120,000 • • Net Income = $30,000 Number of Shares of Common Stock = 8,000 Common Dividends = $7,500 Preferred Dividends = $10,000 What is Stratford Manufacturing Inc.'s payout ratio? A. 12.3% B. 37.5% C. 25.8% D. 18.1%

The following financial information pertains to Stratford Manufacturing Inc. Assume that all balance sheet amounts represent average balance figures. ⚫ Total Assets = $500,000 • Stockholders' Equity (Common) = $350,000 • . Total Stockholders' Equity = $420,000 Sales Revenue = $120,000 • • Net Income = $30,000 Number of Shares of Common Stock = 8,000 Common Dividends = $7,500 Preferred Dividends = $10,000 What is Stratford Manufacturing Inc.'s payout ratio? A. 12.3% B. 37.5% C. 25.8% D. 18.1%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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