Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 130

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share. The company's dividend payout ratio for Year 2 is closest to:

• A)1.6%
• B)21.1%
• C)2.6%
• D)14.7%

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Definitions:

Implicit

Something implied or understood though not directly expressed; underlying or existing in a latent or unexpressed form.

Fill-In-The-Blanks Test

A type of assessment where participants are required to enter the missing information in a sentence or statement.

Recall

The mental process of retrieving information from past memory storage without the aid of cues.

Cued Recall

A memory retrieval process in which prompts or cues are used to stimulate recall of information, enhancing memory retrieval.