Cadarette Corporation's Most Recent Balance Sheet and Income Statement Appear

question 60

Multiple Choice

Cadarette Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $17.73 per share.
-The dividend payout ratio for Year 2 is closest to:

• A)55.6%
• B)44.4%
• C)40.0%
• D)1111.1%

---

Definitions:

High School Diploma

A certification awarded upon completion of secondary education, demonstrating a basic level of education and competency.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin.

Affirmative Action Plan

A strategy aimed at increasing opportunities for underrepresented groups within a company or institution, typically to counter the effects of past discrimination.

Constitutional

Relating to the constitution of a country or state, establishing the framework and principle laws of political governance.