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Author Question: Felton Financial Inc, had net earnings last year of 487,000. If the firm has a dividend payout ... (Read 107 times)

viki

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on: Jul 11, 2018
Felton Financial Inc, had net earnings last year of 487,000. If the firm has a dividend payout policy of 30, what was the addition to retained earnings?
 
  A) 340,900
  B) 487,000
  C) 146,100
  D) There is not enough information to answer this question.

Question 2

Based on the information in Table 4-3, the current and acid-test ratios are, respectively,
 
  A) 2.37 and 1.27. B) 2.18 and 1.39. C) 2.18 and 1.27. D) 2.37 and 1.39.


emily12345

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Reply #1 on: Jul 11, 2018
Answer to Question 1

A
Explanation: A) NE  (1-DPO) = 487,000  (1-.30 ) = 340,900.

Answer to Question 2

C


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