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...

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The following information pertains to the Bramble Company. Assume that all balance sheet amounts represent average balance figures. Total assets $360,000 Stockholders' equity-common 240,000 Total stockholders' equity 290,000 Sales revenue 94,000 Net income 21,200 Number of shares of common stock 6,000 Common dividends 5,300 Preferred dividends 8,500 What is Bramble's payout ratio? A. 10%. B. 38%. C. 25%. D. 18%.
Using the following balance sheet and income statement data, what is the earnings per share? $ Current assets Net income 38500 42000 Stockholders' Current liabilities 15400 78600 equity Average assets 161300 Total liabilities 43200 Total assets 126000 Average common shares outstanding was 15700. $ 5.01 $ 8.03 $ 2.68 $0.37