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Discuss what is splishs payout ratio

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In a recent year Cheyenne Corp. had net income of $161000, interest expense of $31900, and income tax expense of $41500. What was Cheyenne Corp.'s times interest earned (rounded) for the year?

  • 6.05
  • 6.35
  • 5.05
  • 7.35

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

Total assets

$410000

Stockholders' equity-common

290000

Total stockholders' equity

262000

Sales revenue

105000

Net income

22200

Number of shares of common stock

8000

Common dividends

6300

Preferred dividends

8300

What is Splish's payout ratio?

Reference no: EM131760364

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