12/31/10, Heaton Industries Inc

question 46

Multiple Choice

12/31/10, Heaton Industries Inc.reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year.On its previous balance sheet, at 12/31/09, the company had reported $555,000 of retained earnings.No shares were repurchased during 2010.How much in dividends did Heaton pay during 2010?

• A)$47,381
• B)$49,875
• C)$52,500
• D)$55,125
• E)$57,881

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Definitions:

Business Portfolio Analysis

A technique that managers use to quantify performance measures and growth targets to analyze their firms’ strategic business units (SBUs) as though they were a collection of separate investments.

Growth Opportunities

Potential scenarios or strategies that may lead to an increase in sales, market share, or business expansion.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to factors like superior quality, cost structure, customer service, or innovation.

Cardiac Devices

Medical instruments or implants designed to support heart function, monitor its activity, or correct heart-related disorders.