Question

Use the average dividend payout ratio from years 1 and 2, and the forecast net income figure from Practice Problem 28, to estimate the total amount of dividends that will be paid by the company in year 3.
Finns’ Fridges is a company created by twin brothers David and Douglas Finn, who rented small refrigerators to other students in their college dormitory. Use the following statements to answer the questions about Finns’Fridges.


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  • CreatedFebruary 25, 2015
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