Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008: Cash Dividends for the year 2008 $ 15,000 Net Income for the year ended 2008 124,000 Market price of stock, 12/31/08 24 Common stockholders' equity, 12/31/07 2,200,000 Common stockholders' equity, 12/31/08 2,400,000 Outstanding shares, 12/31/08 120,000 Preferred dividends for the year 2008 30,000 What is the payout ratio for Winger Corporation for the year ended 2008? a. 12.1% b. 16.0% c. 36.3% d. 41.3%

Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008: Cash Dividends for the year 2008 $ 15,000 Net Income for the year ended 2008 124,000 Market price of stock, 12/31/08 24 Common stockholders' equity, 12/31/07 2,200,000 Common stockholders' equity, 12/31/08 2,400,000 Outstanding shares, 12/31/08 120,000 Preferred dividends for the year 2008 30,000 What is the payout ratio for Winger Corporation for the year ended 2008? a. 12.1% b. 16.0% c. 36.3% d. 41.3%

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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