Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 245

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 yield ratio for Year 2 is closest to:

• A)21.1%
• B)2.6%
• C)1.6%
• D)14.7%

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Definitions:

Product Classes

Categories or groups of products that serve similar purposes and are perceived by consumers as related or comparable.

Depth of Product Line

Refers to the variety of product options and choices available within a single product category, offering consumers different features, sizes, or other distinguishing characteristics.

Product Items

Specific versions of a product distinguished by size, color, or other attributes, making them unique offerings in a product line.

Full Service

A type of service or business that offers a comprehensive range of services or products to ensure customer satisfaction, often without the need for customers to seek additional providers.