The Stelloh Company Reports the Following Information What Is the Dividend Payout for the Year Ended December

question 10

Multiple Choice

The Stelloh Company reports the following information:
$$\begin{array} { l l } \text { Sales for the year ended December 31, 2012 } & \$ 106,950 \\\text { Grom profit for the year ended December } 31,2012 & \$ 45,150 \\\text { Net income for the year ended December } 31,2012 & \$ 7,300 \\\text { Total Current Assets, December } 31,2012 & \$ 18,700 \\\text { Total Current Liabilities, December } 31,2012 & \$ 7,600 \\\text { Total Assets, December } 31,2012 & \$ 48,400 \\\text { Total Liabilities, December } 31,2012 & \$ 20,850 \\\text { Average total common shares outtananding in } 2012 & 1,000 \\\text { Market price per share, December } 31,2012 & \$ 75,00 \\\text { Dividends per share, for the year ended December } 31,2012 & \$ 5.00\end{array}$$
What is the dividend payout for the year ended December 31,2012?

• A) 6.7%
• B) 9.7%
• C) 65.8%
• D) 68.5%

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Definitions:

Edematous

Describes tissue that is swollen due to the accumulation of excess fluid in the body's tissues.

Passive Process

A process that occurs naturally without the need for energy input, such as diffusion or osmosis.

Diffusion

The process by which molecules move from an area of high concentration to an area of low concentration.

Concentration

The measure of the amount of a given substance in a specific volume of a solution, or the mental ability to focus on a single task without distraction.