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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
What is the dividend payout ratio for 2015 on these financial accounting question?
![Balance Sheet Year 2014 & 2015
(amounts in $)
2014 2015
Cash
140 210
Accounts receivable
340 380
Inventory
550 590
Net fixed assets
3,600 3,500
Total assets
4,630 4,680
Accounts payable
320 280
Notes payable
400 300
Long-term debt
1,100 1,400
Common stock
1,200 980
Retained eamings
1,610 1,720
Total liabilities and equity 4,630 4,680
Income statement Year 2015
Sales
6,230
COGS
4,720
Depreciation
440
Interest
75
Taxes
350
Net income
645
Number of shares outstanding
100
What is the dividend payout ratio for 2015?
a. 0.83
b. 0.04
c. 0.39
d. 0.02](https://content.bartleby.com/qna-images/question/b5319747-efcf-4489-b6fa-f7084f4c01dd/74458dca-6a70-4e74-85a2-77a8c5f4ac7c/p5idigi_thumbnail.jpeg)
Transcribed Image Text:Balance Sheet Year 2014 & 2015
(amounts in $)
2014 2015
Cash
140 210
Accounts receivable
340 380
Inventory
550 590
Net fixed assets
3,600 3,500
Total assets
4,630 4,680
Accounts payable
320 280
Notes payable
400 300
Long-term debt
1,100 1,400
Common stock
1,200 980
Retained eamings
1,610 1,720
Total liabilities and equity 4,630 4,680
Income statement Year 2015
Sales
6,230
COGS
4,720
Depreciation
440
Interest
75
Taxes
350
Net income
645
Number of shares outstanding
100
What is the dividend payout ratio for 2015?
a. 0.83
b. 0.04
c. 0.39
d. 0.02
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