Rio Imports
Information from the Financial Statements Is Provided in the Following

question 111

Multiple Choice

Rio Imports
Information from the financial statements is provided in the following table:
$\begin{array}{lrr}&\text { Year } 2&\text { Year } 1\\\text { Current liabilities } & \$ 460,000 & \$ 320,000 \\\text { Long-term liabilities } & 240,000 & 640,000 \\\text { Shareholders' equity } & 840,000 & 1,080,000 \\\text { Net cash flows from operating activities } & 160,000 & 102,000 \\\text { Interest and principal payments } & 24,000 & 16,000 \\\text { Net sales } & 950,000 & 900,000 \\\text { Net income } & 180,000 & 144,000 \\\text { Interest expense } & 17,000 & 23,000 \\\text { Income taxes } & 32,000 & 29,000 \\\text { Dividends paid to common shareholders } & 30,000 & 60,000\end{array}$
-Refer to Rio Imports.What is the dividend payout ratio for Year 2?

• A) 16.7%
• B) 18.5%
• C) 25.0%
• D) 27.8%

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Definitions:

Account Objective

A specific goal that a sales team or individual aims to achieve within an account, such as increasing sales, enhancing customer relationships, or introducing new products.

Sales Quota

is a target amount of sales that a salesperson or team is expected to achieve within a specified time frame.

Territory Allocation

The process of assigning specific geographic or market areas to sales representatives or teams.

Multivariable Account Segmentation

A strategy in marketing that involves categorizing accounts based on several factors or variables to tailor sales approaches more effectively.