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tls043 tls043
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9 months ago

Sperle Corporation has provided the following data concerning its stockholders’ equity accounts:

Year 2Year 1
Stockholders' equity:
Common stock, $5 par value$ 400,000$ 400,000
Additional paid-in capital60,00060,000
Retained earnings654,000630,000
Total stockholders' equity$ 1,114,000$ 1,090,000

Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.

The company’s dividend yield ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)



▸ 21.1%

▸ 2.6%

▸ 1.6%

▸ 14.7%
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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tls043 Author
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9 months ago
Just got PERFECT on my quiz
taydav
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Yesterday
Helped a lot
KaylenePig
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2 hours ago
Smart ... Thanks!
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