The Following Information Pertains to Benedict Company What Is the Payout Ratio for Benedict?
A)48%
B)20%
C)28

question 209

Multiple Choice

The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. $$\begin{array} { l r } \text { Total assets } & \$ 300,000 \\\text { Stockholders' equity-common } & 150,000 \\\text { Total stockholders' equity } & 200,000 \\\text { Sales revenue } & 100,000 \\\text { Net income } & 25,000 \\\text { Number of shares of common stock } & 6,000 \\\text { Common dividends } & 5,000 \\\text { Preferred dividends } & 7,000\end{array}$$ What is the payout ratio for Benedict?

• A)48%
• B)20%
• C)28%
• D)5%

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Definitions:

Departmental Analysis

An evaluation process aimed at understanding the functions, performance, and needs of different business units within an organization.

Per-Employee Expenditures

The amount of money spent by an organization for each employee, which can cover salaries, benefits, training costs, and other related expenses.

Employee Productivity

The measurement of the efficiency of an employee or group of employees in producing goods or services.

Flatter Organizational Structures

An organizational model with fewer hierarchical levels, intended to promote better communication and faster decision-making.