The following information pertains to Sunland Company. Assume that all balance sheet mounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common dividends Preferred dividends What is Sunland's payout ratio? 24.6%. 9.6%. O 17.9%. O 37.9%. $355000 235000 294000 97000 21100 6000 5200 8500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information pertains to Sunland Company. Assume that all balance sheet
amounts represent average balance figures.
Total assets
Stockholders' equity-common
Total stockholders' equity
Sales revenue
Net income
Number of shares of common stock
Common dividends
Preferred dividends
What is Sunland's payout ratio?
O 24.6%.
O 9.6%.
O 17.9%.
O 37.9%.
$355000
235000
294000
97000
21100
6000
5200
8500
Transcribed Image Text:The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common dividends Preferred dividends What is Sunland's payout ratio? O 24.6%. O 9.6%. O 17.9%. O 37.9%. $355000 235000 294000 97000 21100 6000 5200 8500
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