The Following Information Pertains to Jasmin Corporation $31,20 x$ Jasmin Corporation
Income St-Atement
Far the Year Ended December 31

question 36

Multiple Choice

The following information pertains to Jasmin Corporation.Assume that all balance sheet amounts represent both average and ending figures.
Jasmin Carparation
Partial Ealance Sheet
December $31,20 x$
$\begin{array}{lr}\text { Liabilities and Stockholders' Equity }\\\text { Current liabilities } & \$ 60,000 \\\text { Long-term liabilities } & 90,000 \\\text { Stockholders' equity } & 150,000\\\text { Total liabilities and stockholders' equity }&\$300,000\end{array}$
Jasmin Corporation
Income St-atement
Far the Year Ended December 31, 20x
$\begin{array}{lr}\text { Net sales } & \$ 80,000 \\\text { Cost of goods sold } & 45,000\\\text { Gross margin } & \$ 35,000 \\\text { Operating expenses } & 15,000\\\text { Income before income taxes } &\$20,000\\\text { Income taxes expense }&5,000\\\text { Net income }&\$15,000\end{array}$
Jasmin Corporation had 6,000 shares of common stock issued and outstanding.The market price of Jasmin common stock on December 31,20xx,was $20.Jasmin paid dividends of $1.25 per share during 20xx.
What is the dividends yield of this corporation? Round your answer to two decimal places.

• A) 6.25 percent
• B) 5.00 percent
• C) 7.50 percent
• D) 3.75 percent