Keyton Corporation's Net Operating Income in Year 2 Was $43,714,net

question 223

Multiple Choice

Keyton Corporation's net operating income in Year 2 was $43,714,net income before taxes was $30,714,and the net income was $21,500.Total common stock was $200,000 at the end of both Year 2 and Year 1.The par value of common stock is $4 per share.The company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000.The company declared and paid $3,500 dividends on common stock in Year 2.The market price per share was $8.43 at the end of Year 2.The company's dividend payout ratio for Year 2 is closest to:

• A) 0.8%
• B) 1.8%
• C) 16.3%
• D) 11.4%

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Definitions:

Material

A substance or substances from which something is or can be made.

Nucleus

The cell's central organelle, containing most of its genetic material.

Cellular Activities

Various processes and reactions that occur within a living cell, crucial for the cell's survival and function, such as metabolism, protein synthesis, and cell division.

Control

In experimental settings, a standard condition against which the effects of a variable are compared.