Tower Pharmacy pays out 100% of its net income to its shareholders in the form...
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Tower Pharmacy pays out of its net income to its shareholders in the form of annual dividends. Given this, the percentage shown on a commonsize income statement for the dividend account will: Question options: be equal to the dividend amount divided by the net income. vary but not in direct relation to any other variable. vary in direct relation to changes in the sales level. be increasing in the percentage of sales that goes to net income. be decreasing as revenues increase.
Tower Pharmacy pays out of its net income to its shareholders in the form of annual dividends. Given this, the percentage shown on a commonsize income statement for the dividend account will:
Question options:
be equal to the dividend amount divided by the net income.
vary but not in direct relation to any other variable.
vary in direct relation to changes in the sales level.
be increasing in the percentage of sales that goes to net income.
be decreasing as revenues increase.
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