FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following information pertains to Windsor Company. Assume that all
Total assets $330000
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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