Skysong, Inc. had net income of $100000 and paid dividends of $27200 to common stockholders...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Skysong, Inc. had net income of $100000 and paid dividends of $27200 to common stockholders and $23500 to preferred stockholders in 2020. Skysong, Inc.s common stockholders equity at the beginning and end of 2020 was $450000 and $540000, respectively. Skysong, Inc.s payout ratio for 2020 is
22.20%.
27.20%.
7.20%.
47.20%.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!