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%

---

Definitions:

Ostracized

Being excluded, shunned, or ignored by others in a social or professional context.

Physical Pain

A sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, such as proteins, which influences cell function and structure.

Socially Anxious

Describes an individual who experiences significant anxiety or discomfort in social situations due to fears of being judged, embarrassed, or scrutinized by others.