La Paz Restaurants Selected data from the company's financial statements are presented below:
$\begin{array}{ll}
& \underline { 2015 }& \underline { 2014 }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text {Cash dividends paid on common stock } &\$ 21,000 & \$ 38,000 \
\text { Year-end market price per share of common stock } &\$ 12.00 & \$ 13.00 \
\
\text { Shares of common stock outstanding } &140,000 & 140,000
\end{array}$
-Refer to the information presented above for La Paz Restaurants.The 2015 dividend payout ratio is reported as

Question

La Paz Restaurants Selected data from the company's financial statements are presented below:
$\begin{array}{ll}
& \underline {   2015  }& \underline {  2014   }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text {Cash dividends paid on common stock  } &\$ 21,000 & \$ 38,000 \
\text { Year-end market price per share of common stock } &\$ 12.00 & \$ 13.00 \
\
\text { Shares of common stock outstanding } &140,000 & 140,000
\end{array}$ 
-Refer to the information presented above for La Paz Restaurants.The 2015 dividend payout ratio is reported as

Quizplus · Accepted Answer

The Answer of La Paz Restaurants Selected data from the company's financial statements are presented below:
$\begin{array}{ll}
& \underline {   2015  }& \underline {  2014   }\
\text { Net income } &\$ 110,000 & \$ 123,000 \
\text {Cash dividends paid on common stock  } &\$ 21,000 & \$ 38,000 \
\text { Year-end market price per share of common stock } &\$ 12.00 & \$ 13.00 \
\
\text { Shares of common stock outstanding } &140,000 & 140,000
\end{array}$ 
-Refer to the information presented above for La Paz Restaurants.The 2015 dividend payout ratio is reported as

La Paz Restaurants Selected Data from the Company's Financial Statements