Layne Corporation had the following information in its financial statements for
ID: 2376143 • Letter: L
Question
Layne Corporation had the following information in its financial statements for the years ended 2012 and 2013:
Cash dividends for the year 2013 $ 8,000
Net income for the year ended 2013 83,000
Market price of stock, 12/31/12 10
Market price of stock, 12/31/13 12
Common stockholders%u2019 equity, 12/31/12 1,600,000
Common stockholders%u2019 equity, 12/31/13 1,800,000
Outstanding shares, 12/31/13 180,000
Preferred dividends for the year ended 2013 15,000
20. What is the payout ratio for Layne Corporation for the year ended 2013?
a. 27.7%
b. 18.1%
c. 11.8%
d. 9.6%
50. What is the book value per share for Layne Corporation for the year ended 2013?
a. $10.00
b. $9.92
c. $9.44
d. $8.89
Explanation / Answer
20. 11.8%
50. $10
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