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ACC- Winger Corporation




Question;Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008:Cash Dividends for the year 2008 $ 15,000Net Income for the year ended 2008 124,000Market price of stock, 12/31/08 24Common stockholders? equity, 12/31/07 2,200,000Common stockholders? equity, 12/31/08 2,400,000Outstanding shares, 12/31/08 120,000Preferred dividends for the year 2008 30,00016. 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#40107 | Written in 18-Jul-2015

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