Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets 4,630 4,680 Accounts payable 32
Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets 4,630 4,680 Accounts payable 32
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 2DQ
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Balance Sheet Year 2014 & 2015
(amounts in $) 2014 2015
Cash 140 210
Accounts receivable 340 380
Inventory 550 590
Net fixed assets 3,600 3,500
Total assets 4,630 4,680
Accounts payable 320 280
Notes payable 400 300
Long-term debt 1,100 1,400
Common stock 1,200 980
Total liabilities and equity 4,630 4,680
Income statement Year 2015
Sales 6,230
COGS 4,720
Interest 75
Taxes 350
Net income 645
Number of shares outstanding 100
What is the dividend payout ratio for 2015?
a. 0.83
b. 0.04
c. 0.39
d. 0.02
e. 0.67
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