The following information pertains to Carlton Company.Assume that all balance sheet amounts represent both average and ending balance figures.Assume that all sales were on credit.
Assets

Liabilities and Stockholders' Equity

Income Statement

What is the dividend yield for this company? Round your answer to one decimal point.
A)4.5%
B)9.0%
C)16.6%
D)22.2%

Question

The following information pertains to Carlton Company.Assume that all balance sheet amounts represent both average and ending balance figures.Assume that all sales were on credit.
Assets

Liabilities and Stockholders' Equity

Income Statement

What is the dividend yield for this company? Round your answer to one decimal point.
A)4.5% 
B)9.0% 
C)16.6% 
D)22.2%

Quizplus · Accepted Answer

Dividend Yield is calculated by dividing the Annual Dividend per share by the Current Market Price per share multiplied by 100. However, the given information does not include the number of shares outstanding, the amount of dividends paid, or the market price per share. Therefore, we cannot determine the dividend yield for this company. Option A) 4.5% is the closest option to the average dividend yield for S&P 500 companies in recent years, but we cannot say for certain whether Carlton Company's dividend yield is actually 4.5%. Options B) 9.0%, C) 16.6%, and D) 22.2% are all implausible based on current market conditions and the limited information given.

The Following Information Pertains to Carlton Company