The following information pertains to Marsh Company. Assume that all balance sheet 20. amounts represent average balance figures. Total asset $400,000 Stockholders' equity-common 200,000 Total stockholders' equity 280,000 Sales revenue 120,000 Net income 30,000 Number of shares of common stock 8,000 Common dividends 6,000 Preferred dividends 4,000 What is Marsh's payout ratio? 33.3% a. b. 20.0% 13.3%. C. d. 5.0%
The following information pertains to Marsh Company. Assume that all balance sheet 20. amounts represent average balance figures. Total asset $400,000 Stockholders' equity-common 200,000 Total stockholders' equity 280,000 Sales revenue 120,000 Net income 30,000 Number of shares of common stock 8,000 Common dividends 6,000 Preferred dividends 4,000 What is Marsh's payout ratio? 33.3% a. b. 20.0% 13.3%. C. d. 5.0%
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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The following information pertains to Marsh Company. Assume that all balance sheet 20. amounts represent average balance figures. Total asset $400,000
Total stockholders' equity 280,000
Sales revenue 120,000
Net income 30,000
Number of shares of common stock 8,000
Common dividends 6,000
Preferred dividends 4,000
What is Marsh's payout ratio? 33.3% a. b. 20.0% 13.3%. C. d. 5.0%
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