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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 yield ratio for Year 2 is closest to:
Ownership
The state or fact of having legal possession and control over property, conferring rights such as use and the ability to transfer or sell it.
Corporation
A legal entity recognized by law as a separate from its owners, with its own rights, privileges, and liabilities, capable of conducting business, entering into contracts, and owning assets.
Purpose
A purpose is the reason for which something is done or created or for which something exists.
Trademark
A sign, term, or expression that is legally protected or recognized through usage as the emblem of a corporation or merchandise.
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