Last Year, Blakely's Fashions Earned Net Income of $68,400 and Had

question 64

Multiple Choice

Last year, Blakely's Fashions earned net income of $68,400 and had 12,000 shares of stock outstanding. The dividends per share were $2.20. What is the dividend payout ratio?

• A) 32.98 percent
• B) 34.00 percent
• C) 38.60 percent
• D) 40.21 percent
• E) 44.14 percent

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Definitions:

Organization Levels

The hierarchical layering of an organization into different levels, typically including top management, middle management, and operational employees.

Filter Down

The process by which policies, decisions, or information move from higher levels of an organization to lower levels.

Technological Uncertainty

The state of ambiguity or unpredictability regarding technological development, adoption, and its impacts on markets and operations.

Operations Manager

A professional responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.