Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is 12.98%. 14.80%. 7.40%. $7.70 per share

Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is 12.98%. 14.80%. 7.40%. $7.70 per share

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 24E

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Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 per share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%. 14.80%. 7.40%. $7.70 per share.
Bonita Corporation had net income of $218000 and paid dividends to common stockholders of $44000 in 2020. The weighted average number of shares outstanding in 2020 was 50000 shares. Bonita Corporation's common stock is selling for $95.92 per share on the New York Stock Exchange. Bonita Corporation's price-earnings ratio is O 22.0 times. 3.5 times. O 27.6 times. O 19.4 times.
Sheridan Corporation had net income of $470000 and paid dividends to common stockholders of $34780 in 2020. The weighted average number of shares outstanding in 2020 was 61000 shares. Sheridan Corporation's common stock is selling for $45 por share on the New York Stock Exchange. Sheridan Corporation's payout ratio for 2020 is: 12.98%. 14.80%. 740%. $7.70 per share.