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%.
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%.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information pertains to the Bramble Company. Assume that all
Total assets $360,000
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%.
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