Bertram Corporation Had Net Income of $325,000 and Paid Dividends

question 16

Multiple Choice

Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2017. The weighted average number of shares outstanding in 2017 was 50,000 shares. Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Bertram Corporation's payout ratio for 2017 is

• A) $6.5 per share.
• B) 16%.
• C) 12%.
• D) 8.3%.

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Definitions:

Nasal Trumpet

A medical device inserted into the nostril to secure an open airway and facilitate breathing.

Thick and Tenacious

Describes substances that are dense and sticky, making them difficult to move or separate.

Copious Amounts

Quantities that are very large or plentiful.

Instill Normal Saline

The process of introducing a solution of sodium chloride in water into a body cavity or tissue for therapeutic purposes, such as cleaning wounds or diluting medications.