Sealy Corporation had the following information in its financial statements for the years ended 2020...
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Accounting
Sealy Corporation had the following information in its financial statements for the years ended
2020 and 2021:
Common cash dividends for the year 2021 $ 10,000
Net income for the year ended 2021 97,000
Market price of stock, 12/31/20 10
Market price of stock, 12/31/21 12
Common stockholders equity, 12/31/20 1,000,000
Common stockholders equity, 12/31/21 1,200,000
Outstanding shares, 12/31/21 100,000
Preferred dividends for the year ended 2021 15,000
What is the payout ratio for Sealy Corporation for the year ended 2021?
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