Business, 03.06.2020 03:58 cxttiemsp021
The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance Sheet Statement of Income and Retained Earnings Cash $100,Sales $3,000 Accounts receivable 200,Cost of goods sold (1,600),Inventory 50,Net fixed assets 600,Gross profit $1,400,Operations expenses (970),Total $950,Operating income $430 Accounts payable $140, Interest expense (30) ,Long-term debt 300,Income before tax $400,Capital stock 260 ,Income tax (200), Retained earnings 250 ,Net income $200 ,Total $950 Add: Jan.1 retained earnings 150 Less: dividends (100) Dec.31 retained earnings $250,Dividendosaurus has a dividend-payout ratio of:.
A. 19.6%
B. 28.6%
C. 40.0%
D. 50.0%
Answers: 2
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The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance She...
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Mathematics, 23.06.2020 19:01
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