The following information is available for Splish Brothers Corporation. 2025 2024 Average common stockholders' equity $1,680,000 $1,180,000 Average total stockholders' equity 2,360,000 1,680,000 Common dividends declared and paid 73,320 50,560 Preferred dividends declared and paid 40,000 40,000 Net income 188,000 158,000 Compute the payout ratio and return on common stockholders' equity for each year. (Round answers to O decimal places, e.g. 15%.) Payout ratio Return on common stockholders' equity 2025 % % 2024 % %
The following information is available for Splish Brothers Corporation. 2025 2024 Average common stockholders' equity $1,680,000 $1,180,000 Average total stockholders' equity 2,360,000 1,680,000 Common dividends declared and paid 73,320 50,560 Preferred dividends declared and paid 40,000 40,000 Net income 188,000 158,000 Compute the payout ratio and return on common stockholders' equity for each year. (Round answers to O decimal places, e.g. 15%.) Payout ratio Return on common stockholders' equity 2025 % % 2024 % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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