15 - 22 Test Bank for Intermediate Accounting, Twelfth Edition 98. What is the payout ratio for Winger Corporation for the year ended 2008? a. 12.1% b. 16.0% c. 36.3% d. 41.3% 99. What is the book value per share for Winger Corporation for the year ended 2008? a. $19.17 b. $20.00 c. $10.43 d. $24.00 Use the following information for questions 100 through 102. Tomlin, Inc. has outstanding 300,000 shares of $2 par common stock and 60,000 shares of nopar 8% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. *100. Assuming that $150,000 will be distributed as a dividend in the current year, how much will the common stockholders receive? a. Zero. b. $78,000. c. $102,000. d. $126,000. *101. Assuming that $63,000 will be distributed as a dividend in the current year, how much will the preferred stockholders receive? a. $21,000. b. $24,000. c. $48,000. d. $63,000. *102. Assuming that $183,000 will be distributed, and the preferred stock is also participating, how much will the common stockholders receive? a. $111,000. b. $90,000. c. $93,000. d. $48,000. *103. Wiley, Inc. has 50,000 shares of $10 par value common stock and 25,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Wiley wishes to distribute $135,000 as dividends, the common stockholders will receive a. $30,000. b. $55,000. c. $80,000. d. $105,000.