Lucas, Inc. earned $10 million last year and retained $6 million. Lucas has 5 million shares outstanding,
Question:
a) 2.67%
b) 4%
c) 40%
d) 60%
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c 40 Computation of Payout ratio Earnings 10 millions Retained earnings at th...View the full answer
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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