Calculate the Bertram Corporation payout ratio

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Question - Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2014. The weighted average number of shares outstanding in 2014 was 50,000 shares. Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Calculate the Bertram Corporation's payout ratio for 2014?

Reference no: EM132270381

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