Presented Below Are Selected Data from the Financial Statements of Carnival

question 197

Multiple Choice

Presented below are selected data from the financial statements of Carnival Corp.for 2018 and 2017. $\begin{array}{lrr}&2018&2017\\\text { Net income } & \$ 110,000 & \$ 123,000 \\\text { Cash dividends paid on common stock } & \$ 42,000 & \$ 38,000 \\\text { Market price per share of common stock at the end of the year } & \$ 16.00 & \$ 13.00 \\\text { Shares of common stock outstanding } & 140,000 & 140,000\end{array}$
The dividend yield ratio for 2018 is

• A)1.9%.
• B)2.1%.
• C)36.3%.
• D)38.1%.

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Definitions:

Maintained

The process of keeping something in good condition by checking or repairing it regularly.

Grandparents

The parents of a person's father or mother; elderly individuals who often play a significant role in family structures.

Contact

The act of communicating or connecting with someone, which can be physical, emotional, or virtual.

Grandchildren

The progeny generated by a person's son or daughter.