Solved: Assume that all balance sheet amounts represent average, Accounting Basics

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Assume that all balance sheet amounts represent average

Question - The following information pertains to Wildhorse Company. Assume that all balance sheet amounts represent average balance figures.

Total assets - $380000

Stockholders' equity-common - 260000

Total stockholders' equity - 297000

Sales revenue - 120000

Net income - 21600

Number of shares of common stock - 7000

Common dividends - 5700

Preferred dividends - 7700

What is Wildhorse's payout ratio?

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Accounting Basics: Assume that all balance sheet amounts represent average

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