The Following Information Pertains to Barnum Company: Balance Sheet $31,20 \mathrm{X} 2$

question 18

Multiple Choice

The following information pertains to Barnum Company: Balance Sheet
At December $31,20 \mathrm{X} 2$
$\begin{array}{lrlr}\text { Current assets } & \$ 18,700 & \text { Current liabilities } & \$ 7,600 \\\text { Long-term assets } & 29,700 & \text { Long-term liabilities } & 13,250\\&&\text { Stockholders' equity }&27,550\\\text { Total assets }&\$ 48,400& \text { Total assets }&\$ 48,400 \end{array}$

Barnum Company
Income Statement
For the Year Ended December $31,20 \mathrm{X} 2$
$\begin{array}{lr}\text { Sales } & \$ 106,950 \\\text { Less: Cost of goods sold } & \underline{61,800) } \\\text { Gross profit } & \$ 45,150 \\\text { Less: Operating expenses } & \underline{31,700} \\\text { Operating income } & \$ 13,450 \\\text { Less other expenses: interest } & \underline{1,300) } \\\text { Income before taxes } & \$ 12,150 \\\text { Less: Income tax expense } & \underline{4,850) } \\\text { Net income } & \$ 7,300\end{array}$ There were 1,000 shares of common stock outstanding with a market value of $75 as of December 31, 20X2.Dividends declared and paid was $5 per share.The dividend payout ratio for 20X2 is _____.

• A)9.7%
• B)6.7%
• C)68.5%
• D)100.0%

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Definitions:

Changing Attitudes

The process of altering one's views, feelings, or behavioral dispositions towards a person, thing, or situation.

Changing The Reward System

The process of modifying the mechanisms by which individuals or teams are rewarded, often to align incentives with organizational goals or improve performance.

Learning Organizations

Organizations that actively encourage, facilitate, and prioritize continuous learning, adaptation, and knowledge sharing among its members.

Diffusion

The process by which innovations or cultural elements spread within and across societies or social groups.