Presented Below Are Selected Data from the Financial Statements of DeBruce

question 149

Multiple Choice

Presented below are selected data from the financial statements of DeBruce Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 110,000 & \$ 123,000 \\\text { Cash dividends paid on common stock } & \$ 42,000 & \$ 38,000 \\\text { Market price per share of common stock at the end of the year } & \$ 16.00 & \$ 13.00 \\\text { Earnings per share } & \$ 0.84 & \$ 0.74 \\\text { Shares of common stock outstanding } & 140,000 & 100,000\end{array}$ The dividend payout ratio for 2014 is

• A) 0.382.
• B) 0.05.
• C) 0.28.
• D) 0.50.

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