The balance sheet and income statement for Isnet Corporation are as follows: Isnet's stock was selling for $10 a share at the end of 2007,and there were 1 million shares outstanding. Isnet paid dividends of $0.10 a share in 2007
-Refer to the information above. Calculate Isnet's 2007 dividend payout ratio.

Question

The balance sheet and income statement for Isnet Corporation are as follows:   Isnet's stock was selling for $10 a share at the end of 2007,and there were 1 million shares outstanding. Isnet paid dividends of $0.10 a share in 2007
-Refer to the information above. Calculate Isnet's 2007 dividend payout ratio.

Quizplus · Accepted Answer

Isnet's 2007 dividend payout ratio is 23.8%. This is calculated by dividing the total dividends paid in 2007 by the net income for 2007.

The Balance Sheet and Income Statement for Isnet Corporation Are