uestions uestions saved Question 23 (1.66 points) 3 Bertram Corporation had net

Question

uestions uestions saved Question 23 (1.66 points) 3 Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $50,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Bertram Corporation's common stock is selling for $45.50 per share on the New York Stock Exchange. Bertram Corporation's payout ratio for 2014 is 1) $6.5 per share. 2) 18%. 3) 15.4%. 4) 40%. Save Question 24 (1.66 points) Chodron Corporation had net credit sales of $13,000,000 and cost of goods sold of $9.250,000 for the year. The average inventory for the vear amounted to $2.500.000. The

Explanation / Answer

Payout ratio=Dividends/Net income

which is equal to

(50000/325,000)

which is equal to

=15.4%(Approx).

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