Excerpts from Goodrow Corporation's Most Recent Balance Sheet and Income

question 95

Multiple Choice

Excerpts from Goodrow Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $20 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $5.34 per share.
-The dividend payout ratio for Year 2 is closest to:

• A)50.0%
• B)28.6%
• C)33.3%
• D)3333.3%

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Definitions:

Atmospheric

Pertaining to the Earth's atmosphere, it encompasses all the layers of gas surrounding the planet, crucial for weather and climate conditions.

Yearly Variations

Changes that occur on an annual basis in various environmental or climatic factors, such as temperature, precipitation, and day length.

Playa

A shallow, closed basin in a generally dry environment.

Alluvial Fan

A fan or cone-shaped deposit of sediment built up by streams, typically found where a fast-flowing river flattens, slows, and spreads typically at the mouth of a canyon.