Skysong, Inc. had net income of $100000 and paid dividends of $27200 to common stockholders...

90.2K

Verified Solution

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!
Become a Member

Other questions asked by students