In 2022, Voyage Company Had Earnings Per Share of $45

question 54

Multiple Choice

In 2022, Voyage Company had earnings per share of $45 and paid a dividend of $15 per share.The dividend yield was 8%.The book value per share is $100.The dividend payout ratio was:

• A)4.167
• B)3.0000
• C)0.3333
• D)0.1500

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Definitions:

Machining Department

A division within a manufacturing facility where machining processes such as cutting, shaping, or finishing materials into final products occur.

Customizing Department

A specialized division within a company that modifies products to meet specific customer requirements or preferences.

Predetermined Overhead Rate

A calculated rate intended for the allocation of manufacturing overhead to products, based on a specific activity or cost driver.

Machine-Hours

A unit of measure representing the operation of a machine for one hour, often used in manufacturing for costing purposes.