Last Year,a Firm Earned $31,200 in Net Income on Sales

question 63

Multiple Choice

Last year,a firm earned $31,200 in net income on sales of $217,600.The company paid $8,500 in dividends.What is the dividend payout ratio?

• A)3.45 percent
• B)4.71 percent
• C)16.25 percent
• D)22.85 percent
• E)27.24 percent

---

Definitions:

Litigation

The process of taking legal action or bringing a lawsuit in court to settle a dispute.

Political Behavior

Actions within an organization aimed at improving one's status or power, often involving strategic alliances, negotiation, or manipulation.

Maneuverability

Describes the ability of an object or entity to change direction or course effectively and efficiently, often used in contexts involving vehicles or strategic planning.

Confidence

The feeling or belief in one's abilities, qualities, and judgment.