how can calculate 110) Blandon Corporation has 100,000 common shares and 10,000, $ 1 preferred shares...
how can calculate
110) Blandon Corporation has 100,000 common shares and 10,000, $ 1 preferred shares currently issued. During the year, the company paid and declared a 10% stock dividend when the market price of the common shares was $ 7.75. As well, the company paid the preferred dividend and paid $ 80,000 in cash to the common shareholders. If Blandon earned $ 360,000 during the year, its payout ratio is
a) 25.0%.
b) 46.5%.
c) 22.2%.
d) 32.0%.
Homework Answers
Solution: The Answer is C ) 22.2%.
Explanation:
1) Payout Ratio = Dividend paid to Common Stockholders / Earnings = $ 80,000 / $ 360,000 = 22.2%
2) Remaining options are Incorrect
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