The following information pertains to Sheridan Company
by | Mar 18, 2020 | Uncategorized
1) The following information pertains to Sheridan Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$325000
Stockholders’ equity-common
205000
Total stockholders’ equity
267000
Sales revenue
96000
Net income
20500
Number of shares of common stock
7500
Common dividends
4600
Preferred dividends
8500
What is Sheridan’s payout ratio?
7%.
22.44%.
16%.
36%.
2) Bramble Corp. had net income of $94700 and paid dividends of $30000 to common stockholders and $15500 to preferred stockholders in 2017. Bramble Corp. common stockholders’ equity at the beginning and end of 2017s was $440000 and $550000, respectively. Bramble Corp. return on common stockholders’ equity is
11%.
15%.
20%.
16%.
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