What is the payout ratio for Layne Corporation

Assignment Help Accounting Basics
Reference no: EM132531655

Question - Boonme Corporation had the following information in its financial statements for the years ended 2019 and 2020: Cash dividends for the year 2020 $10,000; Net income for the year ended 2020 $93,000; Market price of stock, 12/31/19 $10; Market price of stock, 12/31/20 $12; Common stockholders' equity, 12/31/19 $1,600,000; Common stockholders' equity, 12/31/20 $1,980,000; Outstanding shares, 12/31/20 160,000; Preferred dividends for the year ended 2020 $15,000. What is the payout ratio for Layne Corporation for the year ended 2020?

a. 12.8%

b. 18.1%

c. 16.1%

d. 10.8%

e. None of these is correct

Reference no: EM132531655

Questions Cloud

How advocacy for employees affects patient care and outcomes : Discuss how nurse leaders serve as advocates for their employees. Describe how advocacy for employees affects patient care and outcomes. The response must be.
How much will they need to save each year : What will your payment be if you make the first payment on the loan
Advantages and disadvanatges of strategic planning : Limitations of IT strategic planning in health care security. How stategic planning improve secuirty. Advantages and Disadvanatges of Strategic planning.
Explain how shareholders perceive the debt ratio : Explain how creditor perceive the debt ratio considering that they have different perspectives and expectations with respect to the performance of the business.
What is the payout ratio for Layne Corporation : Preferred dividends for the year ended 2020 $15,000. What is the payout ratio for Layne Corporation for the year ended 2020
How much will they need to save each year : If they make annual payments into a savings plan, how much will they need to save each year? Assume the first payment comes in 1 year.
Compute the gain or loss on early extinguishment of debt : Baker, Inc. issued $1,600,000 of 6%, $1,000 par callable bonds on December 31, 2019, Compute the gain or loss on early extinguishment of debt
Why given health model is the best choice for family : Choose a health model to assist in creating a plan of action. Describe the model selected. Discuss the reasons why this health model is the best choice.
Find the component costs of debt and preferred stock : Demonstrate the Weighted average cost of capital (WACC) of the company. Find the component costs of debt, preferred stock and common stock.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Corey and addison are engaged and plan to get married corey

corey and addison are engaged and plan to get married. corey is a full-time student and earns 8000 from a part-time

  Determine the amount of factory overhead

During March, 6,250 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied

  A client of yours a rapidly growing retailer in new jersey

a client of yours a rapidly growing retailer in new jersey is seeking a loan at the bank. the bank has informed the

  The balance sheet of world foods at december 31 2011

the balance sheet of world foods at december 31 2011 reported 100000 shares of no-par common stock authorized with

  Explain whether the red car division should accept the offer

Explain whether the red car division should accept the offer. Support your decision showing all calculations

  Construct a tab two-way le

Construct a tab two-way le for this situation and hence, or otherwise, find the probability that a borrower defaulted on a car loan of unknown value

  Complete the necessary journal entry

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. Complete the necessary journal entry to bring the accumulated depreciation

  Compute the amount of inventory fire loss

Merchandise with a selling price of $30,200 remained undamaged after the fire, Compute the amount of inventory fire loss

  Elizabeth sweeney wants to accumulate 13000 by the end of

elizabeth sweeney wants to accumulate 13000 by the end of 12 years. if the annual interest rate is 6.10 percent how

  If a projects expected return is 15 which represents a 35

if a projects expected return is 15 which represents a 35 return in a booming economy and a 5 return in a stagnant

  Past experience has shown that the ending inventory for

past experience has shown that the ending inventory for each month should be equal to 10 of the next months sales in

  Suppose that your companys sales staff provides information

suppose that your companys sales staff provides information on expected sales and selling prices for items making up

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd