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Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

Question 224

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400.Dividends on common stock during Year 2 totaled $6,400.The market price of common stock at the end of Year 2 was $3.08 per share. The company's dividend payout ratio for Year 2 is closest to: A) 1.6% B) 21.1% C) 2.6% D) 14.7% Net income for Year 2 was $30,400.Dividends on common stock during Year 2 totaled $6,400.The market price of common stock at the end of Year 2 was $3.08 per share. The company's dividend payout ratio for Year 2 is closest to:


A) 1.6%
B) 21.1%
C) 2.6%
D) 14.7%

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