Use the Following Information for Questions

question 138

Multiple Choice

Use the following information for questions
During 2016, Pattar Corp.reported after-tax profit of $450,000 and paid $75,000 in common dividends.The weighted average number of common shares issued in 2016 was 150,000.There are no preferred shares issued.At year end, Pattar's common shares are selling for $60 per share on the Toronto Stock Exchange.
-Pattar's payout ratio for 2016 is

• A)$0.50.
• B)0.8%.
• C)6.0%.
• D)16.7%.

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