Last year, a firm earned $31,200 in net income on sales of $217,600. The company paid $7,500

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Last year, a firm earned $31,200 in net income on sales of $217,600. The company paid $7,500 in dividends. What is the dividend payout ratio?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Apr 08, 2024 07:16 AM

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Last year, a firm earned $31,200 in net income on sales of $217,600. The company paid $7,500

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To calculate the dividend payout ratio we need to divi... View the full answer

Foundations of Financial Management

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