Uhri Corporation Has Provided the Following Data: Dividends on Common

question 132

Multiple Choice

Uhri Corporation has provided the following data: Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.08 per share. The company's dividend payout ratio for Year 2 is closest to:

• A)7.8%
• B)1.3%
• C)11.1%
• D)0.8%

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Definitions:

Slightest Defect

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Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.

Replacement Shipment

Sending out a new or additional shipment to replace defective or missing products originally dispatched.

Commercial Unit(s)

A standard of measure, quantity, or grade of goods that is treated as a whole for commercial purposes, especially in sale or lease transactions.