Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions .
Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2013. The weighted average number of shares issued in 2013 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange.
-Shannon Corporation's payout ratio is

• A) $5 per share.
• B) 25%.
• C) 20%.
• D) 12.5%.

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Definitions:

Reagents

Materials or chemicals introduced into a system to initiate a chemical reaction or to check for the presence of a reaction.

Transformation

A thorough or dramatic change in form or appearance; in biology, it refers to the genetic alteration of a cell by the introduction of DNA from an external source.

Reagents

Substances or mixtures used in chemical reactions to detect, measure, examine, or produce other substances.

Organic Product

A compound or material derived from living organisms that contains carbon atoms.