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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Evergreen Industrial reported the following for 2012:

Net sales:    $345,000
Net income:   $29,600
Market price per share of common stock:   $35.50
Dividends:    $18,500
Average number of shares of common stock outstanding:   125,000

What is the dividend payout ratio for Evergreen Industrial?
A) 37.50%
B) 160.0%
C) 62.50%
D) 35.50%
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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