The Following Information Was Available for the Year Ended December

question 37

Multiple Choice

The following information was available for the year ended December 31, 2019: $\begin{array}{lr}\text { Net income } & \$ 50,000 \\\text { Average total assets } & 600,000 \\\text { Dividends per share } & 1.40 \\\text { Earnings per share } & 5.00 \\\text { Market price per share at year-end } & 70.00\end{array}$ The dividend payout ratio for 2019 was:

• A)2.0%
• B)8.3%
• C)28.0%
• D)40.0%

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Definitions:

Cooperative Agreements

Legal arrangements where two or more entities collaborate towards a common objective, sharing responsibilities and benefits.

Departmentation

The process of dividing an organization into specialized units or departments for efficiency and effectiveness.

Departmentation

The process of dividing an organization into distinct departments, allowing for specialized functions and management.

Configurations

Arrangements or sets of components or elements that are organized in a particular manner or structure.