Arntson corporations net income last year was 7975000. the, Ask an Expert

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Arntson Corporation's net income last year was $7,975,000. The dividend on common stock was $8.20 per share and the dividend on preferred stock was $3.50 per share. The market price of common stock at the end of the year was $59.10 per share. Throughout the year, 500,000 shares of common stock and 200,000 shares of preferred stock were outstanding. The dividend payout ratio is closest to ??

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Accounting Basics, Accounting

Category:- Accounting Basics
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