The following data came from the financial statements of Ryerson Corp for 2019 and 2018 2019 2018 Net income $110,000 $123,000 Cash dividends paid on common stock $42,000 $38,000 Market price per share of common stock at the end of the year $16 00 $13 00 Shares of common stock outstanding 140,000 1...

The following data came from the financial statements of Ryerson Corp. for 2019 and 2018. _____________________________________________________ 2019

Question:

The following data came from the of Ryerson Corp. for 2019 and 2018.
_____________________________________________________ 2019 ___________ 2018
Net income .............................................................. $110,000 ............. $123,000
Cash dividends paid on .............................. $42,000 ................ $38,000
Market price per share of at the end of the year ... $16.00 ................. $13.00
Shares of outstanding ..................................140,000 ................ 140,000
Required:
Calculate Ryerson's payout ratio for 2019 (in percentage terms, rounded to two decimal places).
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...