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Home Q & A Board Other Fields Homework Help Business Accounting
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booboo123 booboo123
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10 months ago
Keyton Corporation’s net operating income in Year 2 was $43,714, net income before taxes was $30,714, and the net income was $21,500. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company’s total stockholders’ equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000. The company declared and paid $3,500 dividends on common stock in Year 2. The market price per share was $8.43 at the end of Year 2. The company’s dividend payout ratio for Year 2 is closest to:(Round your intermediate calculations to 2 decimal places.)

▸ 0.8%

▸ 1.8%

▸ 16.3%

▸ 11.4%
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Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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birdnuggetbirdnugget
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10 months ago
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booboo123 Author
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10 months ago
this is exactly what I needed
joyceess
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Yesterday
Thank you, thank you, thank you!
hpascoe
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2 hours ago
You make an excellent tutor!
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