Keyton Corporation's Net Operating Income in Year 2 Was $43,714,net

question 223

Multiple Choice

Keyton Corporation's net operating income in Year 2 was $43,714,net income before taxes was $30,714,and the net income was $21,500.Total common stock was $200,000 at the end of both Year 2 and Year 1.The par value of common stock is $4 per share.The company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at the end of Year 1 to $1,130,000.The company declared and paid $3,500 dividends on common stock in Year 2.The market price per share was $8.43 at the end of Year 2.The company's dividend payout ratio for Year 2 is closest to:

• A) 0.8%
• B) 1.8%
• C) 16.3%
• D) 11.4%

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Definitions:

List

A collection or sequence of elements that can be accessed, added to, and removed from in a linear order.

Unsorted Portion

The segment of a collection that has not yet been ordered according to a specified sorting algorithm.

Smallest Element

In the context of data structures and algorithms, it refers to finding the minimum value in a collection of items.

Sequential Search

Sequential search is a method for finding a particular value in a list by checking each element in order until the desired element is found or the list ends.