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%.

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 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%.

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