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mylesnagop mylesnagop
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A year ago

Leflore Corporation has provided the following data:

Year 2Year 1
Common stock, $5 par value$ 500,000$ 500,000
Total stockholders' equity$ 1,016,000$ 1,010,000
Net operating income$ 35,143
Net income before taxes$ 17,143
Net income$ 12,000

Dividends on common stock during Year 2 totaled $6,000. The market price of common stock at the end of Year 2 was $1.38 per share. The company’s dividend yield ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 4.3%

▸ 1.2%

▸ 35.0%

▸ 50.0%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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xxxmedicalxxxmedical
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A year ago
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