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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