The following info pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures: Total assets $360,000 Stockholder equity-Common $240,000 Total stockholders' equity $290,000 Sales revenue $94,000 Net income $21,200 Numbers of shares of common stock $6,000 Common dividends Preferred dividends What is Bramble's payout ratio? a. 10% b. 25% c. 18% d. 38% $5,300 $8,500

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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The following info pertains to Bramble Company. Assume that all balance
sheet amounts represent average balance figures:
Total assets
$360,000
Stockholder equity-Common
$240,000
Total stockholders' equity
$290,000
Sales revenue
$94,000
Net income
$21,200
Numbers of shares of common stock $6,000
Common dividends
Preferred dividends
What is Bramble's payout ratio?
a. 10%
b. 25%
c. 18%
d. 38%
$5,300
$8,500
Transcribed Image Text:The following info pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures: Total assets $360,000 Stockholder equity-Common $240,000 Total stockholders' equity $290,000 Sales revenue $94,000 Net income $21,200 Numbers of shares of common stock $6,000 Common dividends Preferred dividends What is Bramble's payout ratio? a. 10% b. 25% c. 18% d. 38% $5,300 $8,500
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