FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures.

 

Total assets $330000

 

Stockholders' equity-common 210,000

 

Total stockholders' equity 298,000

 

Sales revenue 110,000

 

Net income 20,600

 

Number of shares of common stock 7,500

 

Common dividends 4,700

 

Preferred dividends 8,300

 

What is Windsor's payout ratio?

 

a. 8%.

 

b. 22.82%.

 

c. 16%.

 

d. 36%.

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