The following information is provided for Apolis Inc. Total common stockholders' equity on Dec. 31, 2020 $302,000 Total common stockholders' equity on Dec. 31, 2019 $288,000 Sales, 2020 $165,000 Total assets $605,000 50,000 $6,000 $21 Common shares outstanding, 2020 Dividends declared and paid, 2020 Market price per share, Dec. 31, 2020 If the payout ratio is .20, what is the return on equity?

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 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...
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The following information is provided for Apolis Inc.
Total common stockholders' equity on Dec. 31, 2020 $302,000
Total common stockholders' equity on Dec. 31, 2019
$288,000
Sales, 2020
$165,000
Total assets
$605,000
Common shares outstanding, 2020
Dividends declared and paid, 2020
Market price per share, Dec. 31, 2020
If the payout ratio is .20, what is the return on equity?
Select one:
O
O
O
a. 0.10
b. 0.09
c. 0.08
d. 0.07
« Previous
50,000
$6,000
$21
Save Answers
Transcribed Image Text:The following information is provided for Apolis Inc. Total common stockholders' equity on Dec. 31, 2020 $302,000 Total common stockholders' equity on Dec. 31, 2019 $288,000 Sales, 2020 $165,000 Total assets $605,000 Common shares outstanding, 2020 Dividends declared and paid, 2020 Market price per share, Dec. 31, 2020 If the payout ratio is .20, what is the return on equity? Select one: O O O a. 0.10 b. 0.09 c. 0.08 d. 0.07 « Previous 50,000 $6,000 $21 Save Answers
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