The following information pertains to Oriole Company . Assume that all balance sheet amounts represent average balance
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Question:
The following information pertains to Oriole Company. Assume that all balance sheet amounts represent average balance figures.
Total assets | $390000 |
Stockholders' equity-common | 270000 |
Total stockholders' equity | 280000 |
Sales revenue | 114000 |
Net income | 21800 |
Number of shares of common stock | 8000 |
Common dividends | 5900 |
Preferred dividends | 8400 |
What is Oriole's payout ratio?
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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