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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
Serenity Sounds, Inc. reported the following for 2012:

Net sales:    $220,000
Net income:   $37,000
Market price per share of common stock:   $28.75
Dividends:    $4,100
Average number of shares of common stock outstanding:   10,000

What is the dividend payout ratio for Serenity Sounds, Inc.?
A) 41.0%
B) 11.1%
C) 28.5%
D) 1.9%
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
Amazing, that's all I can say
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