Will Company reports the following: 2009 2008 Retained Earnings $2,000,000 $ 1,300,000 Common Stock $ 500,000 $ 500,000 Paid-in Capital $3,000,000 $ 3,000,000 Net Income for year $ 900,000 $ 400,000 Dividend payout ratio for 2009 was ....................................
Will Company reports the following: 2009 2008 Retained Earnings $2,000,000 $ 1,300,000 Common Stock $ 500,000 $ 500,000 Paid-in Capital $3,000,000 $ 3,000,000 Net Income for year $ 900,000 $ 400,000 Dividend payout ratio for 2009 was ....................................
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Will Company reports the following:
2009 2008
Common Stock $ 500,000 $ 500,000
Paid-in Capital $3,000,000 $ 3,000,000
Net Income for year $ 900,000 $ 400,000
Dividend payout ratio for 2009 was ....................................
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