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The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures.   Total assets $330000   Stockholders' equity-common 210,000   Total stockholders' equity 298,000   Sales revenue 110,000   Net income 20,600   Number of shares of common stock 7,500   Common dividends 4,700   Preferred dividends 8,300   What is Windsor's payout ratio?   a. 8%.   b. 22.82%.   c. 16%.   d. 36%

The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures.   Total assets $330000   Stockholders' equity-common 210,000   Total stockholders' equity 298,000   Sales revenue 110,000   Net income 20,600   Number of shares of common stock 7,500   Common dividends 4,700   Preferred dividends 8,300   What is Windsor's payout ratio?   a. 8%.   b. 22.82%.   c. 16%.   d. 36%

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
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Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...
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The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures.

 

Total assets $330000

 

Stockholders' equity-common 210,000

 

Total stockholders' equity 298,000

 

Sales revenue 110,000

 

Net income 20,600

 

Number of shares of common stock 7,500

 

Common dividends 4,700

 

Preferred dividends 8,300

 

What is Windsor's payout ratio?

 

a. 8%.

 

b. 22.82%.

 

c. 16%.

 

d. 36%.

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