Financial Statements for Larned Company Appear Below: Dividends

question 68

Multiple Choice

Financial statements for Larned Company appear below: Dividends during Year 2 totaled $263 thousand, of which $12 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $160.

-Larned Company's dividend payout ratio for Year 2 was closest to:

• A)75.8%
• B)28.5%
• C)76.7%
• D)47.4%

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Definitions:

Machismo

A code in which challenges, abuse, and even differences of opinion must be met with fists or other weapons.

Symbolic

Use of symbols or representation to convey meaning, ideas, or concepts, which are not directly verbal or literal.

Catharsis

A dramatic release of pent-up feelings: the idea that aggressive motivation is ‘drained’ by acting against a frustrating object (or substitute), or by a vicarious experience.

Agentic State

A frame of mind thought by Milgram to characterize unquestioning obedience, in which people as agents transfer personal responsibility to the person giving orders.