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 Nash's Company. Assume that all balance sheet amounts represent average balance figures.

Total assets $300000

Stockholders' equity-common 180000

Total stockholders' equity 250000

Sales revenue 90000

Net income 20000

Number of shares of common stock 5000

Common dividends 4100

Preferred dividends 6500

What is Nash's's payout ratio?

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Accounting Basics: Assume that all balance sheet amounts represent average

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