Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 224

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:

Phallic

Referring to or characterized by the third stage of psychosexual development in Freudian theory, focusing on the genital organs as the primary source of pleasure.

Latency

In psychoanalytic theory, a period of childhood development characterized by the sublimation of instinctual drives; it is considered a phase of relative psychological calm.

Oral Stage

The first phase in Freud's psychosexual development theory, where an infant's pleasure centers are in the mouth, leading to behaviors like sucking and biting.

Fixated

The psychological state or condition of being obsessively focused or attached to a person, thing, or idea.