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  3. 33. wildhorse co. had net income of $1760000 and p

33. Wildhorse Co. had net income of $1760000 and paid dividends to common stockholders of...

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Accounting

33. Wildhorse Co. had net income of $1760000 and paid dividends to common stockholders of $440000 in 2022. The weighted average number of shares outstanding in 2022 was 704000 shares. Wildhorse Co. common stock is selling for $40 per share on the NASDAQ. Wildhorse Co. payout ratio for 2022 is

$3 per share.

4%.

21%.

25%.

32.Sheridan Company had net credit sales of $13011000 and cost of goods sold of $9407000 for the year. The average inventory for the year amounted to $1444000. The average days in inventory during the year was approximately

265 days.

56 days.

124 days.

41 days.

31. Marigold Corp. had net credit sales of $13022000 and cost of goods sold of $6816000 for the year. The average inventory for the year amounted to $1420000. The inventory turnover for the year is

1.9 times.

4.4 times.

4.8 times.

9.2 times.

29. Sunland Company had a balance in the Accounts Receivable account of $770000 at the beginning of the year and a balance of $850000 at the end of the year. Net credit sales during the year amounted to $9072000. The accounts receivable turnover was

11.2 times.

11.8 times.

5.6 times.

10.7 time

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