Labor Finders, Inc. Selected data from the company\'s financial statements are p

Question

Labor Finders, Inc.

Selected data from the company's financial statements are presented below:

Refer to Labor Finders, Inc. The company's 2015 stock repurchase payout ratio is reported as:

Labor Finders, Inc.

Selected data from the company's financial statements are presented below:

2015 2014 Net income $150,000 $120,000 Cash dividends paid on preferred stock 15,000 15,000 Cash dividends paid on common stock 42,000 38,000 Common stock price 15 14 Preferred stock price 31 26 Purchases of treasury stock 100,000 -0 - Total stockholders' equity 2,300,000 2,157,000 Common stockholders' equity 1,780,000 1,637,000 Average number of preferred shares outstanding 20,000 20,000 Average number of common shares outstanding 104,000 95,000

Explanation / Answer

Stock repurchase ratio= Common stock repurchase/net income=100000/150000=6.67%

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