Rapid Sign Corporation
Selected data from the financial statements are presented in the figure:
$\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\
\text { Net income } & \$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common shares } & 42,000 & 38,000 \
\text { Average number of common shares outstanding } & 140,000 & 145,000 \
\text { Repurchased } & 70,000 & 0 \
\text { Market price per share of common shares at vear end } & 16.00 & 13.00
\end{array}$
-Refer to the figure Rapid Sign Corporation.What is the dividend payout ratio for Year 2?

Question

Rapid Sign Corporation
Selected data from the financial statements are presented in the figure:
 $\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\
\text { Net income } & \$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common shares } & 42,000 & 38,000 \
\text { Average number of common shares outstanding } & 140,000 & 145,000 \
\text { Repurchased } & 70,000 & 0 \
\text { Market price per share of common shares at vear end } & 16.00 & 13.00
\end{array}$
-Refer to the figure Rapid Sign Corporation.What is the dividend payout ratio for Year 2?

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The Answer of Rapid Sign Corporation
Selected data from the financial statements are presented in the figure:
 $\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\
\text { Net income } & \$ 110,000 & \$ 123,000 \
\text { Cash dividends paid on common shares } & 42,000 & 38,000 \
\text { Average number of common shares outstanding } & 140,000 & 145,000 \
\text { Repurchased } & 70,000 & 0 \
\text { Market price per share of common shares at vear end } & 16.00 & 13.00
\end{array}$
-Refer to the figure Rapid Sign Corporation.What is the dividend payout ratio for Year 2?

Rapid Sign Corporation Selected Data from the Financial Statements Are

Rapid Sign Corporation
Selected Data from the Financial Statements Are