The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
What is the dividend yield for this company? Round your answer to one decimal point.
A) 4.5%
B) 9.0%
C) 16.6%
D) 22.2%

Question

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. 
 What is the dividend yield for this company? Round your answer to one decimal point.
A) 4.5% 
B) 9.0% 
C) 16.6% 
D) 22.2%

Quizplus · Accepted Answer

The dividend yield can be calculated by dividing the annual dividend per share by the current stock price. However, the information provided in the question does not include the annual dividend per share or the current stock price. Therefore, we cannot calculate the dividend yield for this company. The correct answer is (A), as none of the other answer choices can be determined based on the information given.

The Following Information Pertains to Carlton Company