Rapid Sign Corporation Selected data from the financial statements are presented below:
$\begin{array}{lll}
& \underline{ 2015 }& \underline { 2014 }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common stock } &42,000 & 38,000 \
\text { Average number of common shares outstanding } &140,000 & 145,000 \
\text { Treasuy Stock } &70,000 & 0 \
\text { Market price per share of common stock at year-end } &16.00 & 13.00
\end{array}$
-Refer to Rapid Sign Corporation.What is the dividend payout ratio for 2015?
A)30.0%
B)30.9%
C)36.3%
D)38.2%

Question

Rapid Sign Corporation Selected data from the financial statements are presented below:
$\begin{array}{lll}
&  \underline{ 2015 }&  \underline { 2014 }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common stock } &42,000 & 38,000 \
\text { Average number of common shares outstanding } &140,000 & 145,000 \
\text { Treasuy Stock } &70,000 & 0 \
\text { Market price per share of common stock at year-end } &16.00 & 13.00
\end{array}$ 
-Refer to Rapid Sign Corporation.What is the dividend payout ratio for 2015?
A)30.0%
B)30.9%
C)36.3%
D)38.2%

Quizplus · Accepted Answer

The Answer of Rapid Sign Corporation Selected data from the financial statements are presented below:
$\begin{array}{lll}
&  \underline{ 2015 }&  \underline { 2014 }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common stock } &42,000 & 38,000 \
\text { Average number of common shares outstanding } &140,000 & 145,000 \
\text { Treasuy Stock } &70,000 & 0 \
\text { Market price per share of common stock at year-end } &16.00 & 13.00
\end{array}$ 
-Refer to Rapid Sign Corporation.What is the dividend payout ratio for 2015?
A)30.0%
B)30.9%
C)36.3%
D)38.2%

Rapid Sign Corporation Selected Data from the Financial Statements Are