The Following Information Pertains to Patterson Corporation

question 114

Multiple Choice

The following information pertains to Patterson Corporation.Assume that all balance sheet amounts represent both average and ending figures. Patterson Corporation had 6,000 shares of common stock issued and outstanding.The market price of Patterson common stock on December 31,20x5,was $20.Patterson paid dividends of $0.90 per share during 20x5.
What is the debt to equity ratio for this corporation? Round your answer to 1 decimal place.

• A)0.4 times
• B)0.6 times
• C)1.0 times
• D)2.5 times

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Definitions:

Apocrine Gland

A type of gland found in the skin, breast, eyelid, and ear that secretes sweat, fatty compounds, and proteins, often associated with body odor.

Eccrine Gland

Sweat glands located all over the body that help in cooling the body through perspiration.

Stratum Basale

The deepest layer of the epidermis where new skin cells are generated.

Melanocytes

Cells located in the skin that produce melanin, the pigment responsible for skin color.