Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000,...

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Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000, sales of $15,560,400 and has 275,000 shares of common stock outstanding. The company announced a dividend of $1.85 per share. Therefore the company's dividend payout ratio is Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000, sales of $15,560,400 and has 275,000 shares of common stock outstanding. The company announced a dividend of $1.85 per share. Therefore the company's dividend payout ratio is Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000, sales of $15,560,400 and has 275,000 shares of common stock outstanding. The company announced a dividend of $1.85 per share. Therefore the company's dividend payout ratio is Acco Inc. has a retained earnings balance of $7,160,000. The company reported net income of $1,949,000, sales of $15,560,400 and has 275,000 shares of common stock outstanding. The company announced a dividend of $1.85 per share. Therefore the company's dividend payout ratio is

Answer rating: 100% (QA)

The dividend payout ratio is calculated by dividing the total dividends by th... View the full answer