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%

Recognize the conditions under which a firm decides to continue operations or shut down in the short run.

Analyze the effects of output changes on costs and the decision-making process in both short-run and long-run scenarios.

Understand the definitions and characteristics of nonexperimental and experimental research methods.

Recognize the elements of inferences of cause and effect, including temporal precedence, covariation, and elimination of other causes.