Top Posters
Since Sunday
j
3
s
3
j
2
J
2
e
2
n
2
t
2
d
2
b
2
t
2
J
2
b
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Flaco69 Flaco69
wrote...
Go to Answer
Posts: 141
Rep: 0 0
A year ago

Uhri Corporation has provided the following data:

Year 2Year 1
Common stock, $4 par value$ 320,000$ 320,000
Net operating income$ 71,429
Net income before taxes$ 51,429
Net income$ 36,000

Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.08 per share. The company’s dividend payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 7.8%

▸ 1.3%

▸ 11.1%

▸ 0.8%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 105 times
1 Reply
Replies
Answer verified by a subject expert
kaitmawkaitmaw
wrote...
#1
Posts: 148
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Flaco69 Author
wrote...

A year ago
This site is awesome
rene_ram97
wrote...

Yesterday
Thanks for your help!!
cartoon
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  826 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 853
  
 354
  
 222
Your Opinion
Previous poll results: What's your favorite math subject?