Kovack Corporation's Net Operating Income in Year 2 Was $66,571

question 327

Multiple Choice

Kovack Corporation's net operating income in Year 2 was $66,571, net income before taxes was $46,571, and the net income was $32,600. Total common stock was $120,000 at the end of both Year 2 and Year 1. The par value of common stock is $2 per share. The company's total stockholders' equity at the end of Year 2 amounted to $962,000 and at the end of Year 1 to $930,000. The company declared and paid $600 dividends on common stock. The market price per share was $4.37. The company's dividend yield ratio for Year 2 is closest to:

• A) 0.2%
• B) 1.3%
• C) 1.9%
• D) 0.5%

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Definitions:

Imported

Goods or services brought into one country from another for sale or use.

Government Revenue

The income received by the government from taxes, fees, fines, and other sources.

Specific Tariff

is a fixed fee imposed by a government on imported or exported goods, based on the quantity of the goods rather than their value.

Imported Good

A product or service that is brought into one country from another country for the purpose of sale or use.