Settles Corporation Has Provided the Following Financial Data

question 63

Multiple Choice

Settles Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $5,400. The market price of common stock at the end of Year 2 was $5.89 per share.
-The company's dividend payout ratio is closest to:

• A) 1.3%
• B) 1.7%
• C) 17.1%
• D) 26.3%

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Definitions:

Neurons

The basic working unit of the brain, a specialized cell designed to transmit information to other nerve cells, muscle, or gland cells.

Isotonic Saline

A solution of sodium chloride (salt) in water at a concentration that matches the salt concentration of the body cells and blood, commonly used for medical hydration and wound cleaning.

Extracellular Fluid

The body fluid outside cells, providing a medium for substances to pass between cells and blood vessels.

Resting Membrane Potential

The electrical charge difference across the cellular membrane when a neuron or muscle cell is at rest, typically around -70 mV.