Business, 23.04.2020 18:19 keshaayro8566
Bonita Corporation had net income of $490000 and paid dividends to common stockholders of $43610 in 2019. The weighted average number of shares outstanding in 2019 was 59000 shares. Bonita Corporation's common stock is selling for $55 per share on the New York Stock Exchange.
Bonita Corporation's payout ratio for 2019 is:
A.12.0%
B. 16.0%
C. $8.31 per share
D. 8.9%.
Answers: 3
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Bonita Corporation had net income of $490000 and paid dividends to common stockholders of $43610 in...
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