Partridge Ltd Provides the Following Information for the Year 2016

question 54

Multiple Choice

Partridge Ltd provides the following information for the year 2016: $\begin{array}{|l|l|}\hline\text { Net profit } & \$ 195,000 \\\hline \text { Market price per share of ordinary shares } & \$ 30,00 / \text { share } \\\hline \text { Dividends paid } & \$ 1,1 / \text { share } \\\hline \text { Ordinary shares outstanding at } 1 \text { Jan } 2016 & 120,000 \text { shares } \\\hline \text { Ordinary shares outstanding at 31 Dec 2016 } & 140,000 \text { shares }\\\hline\end{array}$ The company has no preference shares outstanding.Calculate the dividend payout ratio.

• A)31.43%
• B)67.48%
• C)30.00%
• D)73.33%

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, influencing the probability of behavior being repeated.

Classical Conditioning

A method of learning that happens when an environmental trigger is associated with a naturally existing stimulus, yielding a trained reaction.

Social Conditioning

The process by which individuals learn the norms, values, and behaviors acceptable to their society through social interactions.

Physical Conditioning

A process of training or exercise aimed at improving physical fitness, strength, and endurance.