Use the following information for questions 98 and 99. Winger Corporation had the following information in its financial statements for the year ended 2007 and 2008: Cash Dividends for the year 2008 $ 15,000 Net Income for the year ended 2008 124,000 Market price of stock, 12/31/08 24 Common stockholders” equity, 12/31/07 2,200,000 Common stockholders” equity, 12/31/08 2,400,000 Outstanding shares, 12/31/08 120,000 Preferred dividends for the year ended 2008 30,000 What is the payout ratio for Winger Corporation for the year ended 2008? 15 – 22 Test Bank for Intermediate Accounting, Twelfth Edition c. 36.3% d. 41.3% 99. What is the book value per share for Winger Corporation for the year ended 2008?
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