Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sheridan Corporation had net income of
$470000 and paid dividends to common
stockholders of $34780 in 2020. The weighted
average number of shares outstanding in 2020
was 61000 shares. Sheridan Corporation's common
stock is selling for $45 per share on the New York
Stock Exchange. Sheridan Corporation's payout
ratio for 2020 is:
12.98%.
14.80%.
7.40%.
$7.70 per share.
Transcribed Image Text:Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%. 14.80%. 7.40%. $7.70 per share.
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