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 $5,300 Preferred dividends $8,500 What is Bramble's payout ratio? a. 10% b. 25% c. 18% d. 38%
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 $5,300 Preferred dividends $8,500 What is Bramble's payout ratio? a. 10% b. 25% c. 18% d. 38%
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...
Related questions
Question
I won't to this question answer general accounting
![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
$5,300
Preferred dividends
$8,500
What is Bramble's payout ratio?
a. 10%
b. 25%
c. 18%
d. 38%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83d2c004-170f-4cd9-9eed-40d9cc51db2a%2F98232d72-0f02-411b-9f90-f874e5b7b636%2Fpsyzn08_processed.jpeg&w=3840&q=75)
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
$5,300
Preferred dividends
$8,500
What is Bramble's payout ratio?
a. 10%
b. 25%
c. 18%
d. 38%
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning