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

question 116

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:

Ecological Programs

Initiatives or projects designed to protect the environment, restore ecosystems, and promote biodiversity through conservation efforts and sustainable practices.

Ideal Pesticide

A hypothetical pesticide that effectively targets and eliminates pests without causing harm to humans, non-target species, or the environment.

Genetic Resistance

The ability of an organism to naturally withstand environmental pressures, diseases, or pests through inherited characteristics.

Synthetic Pesticides

Man-made chemicals used to kill or control pests that affect plants, animals, and humans.