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The Stelloh Company Reports the Following Information What Is the Dividend Payout for the Year Ended December

Question 113

Multiple Choice

The Stelloh Company reports the following information:
 Sales for the year ended December 31, 2012 $106,950 Grom profit for the year ended December 31,2012$45,150 Net income for the year ended December 31,2012$7,300 Total Current Assets, December 31,2012$18,700 Total Current Liabilities, December 31,2012$7,600 Total Assets, December 31,2012$48,400 Total Liabilities, December 31,2012$20,850 Average total common shares outtananding in 20121,000 Market price per share, December 31,2012$75,00 Dividends per share, for the year ended December 31,2012$5.00\begin{array} { l l } \text { Sales for the year ended December 31, 2012 } & \$ 106,950 \\\text { Grom profit for the year ended December } 31,2012 & \$ 45,150 \\\text { Net income for the year ended December } 31,2012 & \$ 7,300 \\\text { Total Current Assets, December } 31,2012 & \$ 18,700 \\\text { Total Current Liabilities, December } 31,2012 & \$ 7,600 \\\text { Total Assets, December } 31,2012 & \$ 48,400 \\\text { Total Liabilities, December } 31,2012 & \$ 20,850 \\\text { Average total common shares outtananding in } 2012 & 1,000 \\\text { Market price per share, December } 31,2012 & \$ 75,00 \\\text { Dividends per share, for the year ended December } 31,2012 & \$ 5.00\end{array}
What is the dividend payout for the year ended December 31,2012?


A) 6.7%
B) 9.7%
C) 65.8%
D) 68.5%

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