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What is the payout ratio for Winger Corporation for the year ended 2008

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Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008;Cash Dividends for the year 2008 $ 15,000;Net Income for the year ended 2008 124,000;Market price of stock, 12/31/08 24;Common stockholders? equity, 12/31/07 2,200,000;Common stockholders? equity, 12/31/08 2,400,000;Outstanding shares, 12/31/08 120,000;Preferred dividends for the year 2008 30,000;16. What is the payout ratio for Winger Corporation for the year ended 2008?;a. 12.1%;b. 16.0%;c. 36.3%;d. 41.3%

 

Paper#24066 | Written in 18-Jul-2015

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