28.The following information applies to Benson Company for 2014:Stock market price, December 31,2014: $50Common Shares Outstanding, December 31, 2014: 100,000Net income for year 2014: $400,000Retained Earnings January 1, 2014: $100,000On December 31,2014, Benson decides to pay the maximum amount it can in dividends to its shareholders. What is the dividend yield ratio?
29.The working capital of a company is equal to: current assets less current liabilities30.The gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change? This change represents a downward, or negative trend.31.ABC Inc. was incorporated two years ago by issuing 1,000 shares of common stock at $200 and borrowing $30,000 from a bank on a long-term note. Last year, ABC reported net income of $10,000 and paid a cash dividend of $800. During the year, the company also borrowed an additional $7,600 from the bank. What was total assets on ABC's balancesheet at the end of the year last year? $246,800