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What is the payout ratio for winger corporation

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Reference no: EM13338001

Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008:
Cash Dividends for the year 2008 $ 15,000
Net Income for the year ended 2008 124,000
Market price of stock, 12/31/08 24
Common stockholders' equity, 12/31/07 2,200,000
Common stockholders' equity, 12/31/08 2,400,000
Outstanding shares, 12/31/08 120,000
Preferred dividends for the year 2008 30,000

16. What is the payout ratio for Winger Corporation for the year ended 2008?
a. 12.1%
b. 16.0%
c. 36.3%
d. 41.3%

Reference no: EM13338001

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