The following information pertains to the Bramble Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income $360,000 240,000 290,000 94,000 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. 42%.

The following information pertains to the Bramble Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income $360,000 240,000 290,000 94,000 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. 42%.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 37CE: Stockholder Profitability Ratios The following information pertains to Montague Corporation...

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