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The following data have been taken from the records of Bubba's Body Shop for the current ...

mylesnagop

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The following data have been taken from the records of Bubba's Body Shop for the current ...

The following data have been taken from the records of Bubba's Body Shop for the current year:

Current assets	$ 52,000
Long-term assets	106,000
Current liabilities	20,000
Long-term liabilities	30,000
Total stockholders' equity	108,000
Earnings per share	8
Dividends per common share	4
Net income	20,000

Required:

a.	Calculate the dividend payout ratio.

b.	Calculate the return on common stockholders' equity.

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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More solutions for this book are available here

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mylesnagop Author

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Thanks

dianeflunder

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

smi3

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Brilliant ツ

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