Financial Statements for Larkins Company Appear Below

question 65

Multiple Choice

Financial statements for Larkins Company appear below:


Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.


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

• A) 42.9%
• B) 24.6%
• C) 40.6%
• D) 14.8%

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Definitions:

Monozygotic Twins

are twins that originate from the splitting of a single fertilized egg, making them genetically identical.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time but from separate eggs fertilized by different sperm.

Siblings

Brothers or sisters; individuals having one or both parents in common.

Natural Selection

The evolutionary process by which organisms better adapted to their environment tend to survive and produce more offspring.