Question: ( Dividend payout ratio ) Carson Electronics earned $2.4 million in net income last year and for the first time ever paid its common stockholders

(Dividend payout ratio) Carson Electronics earned $2.4 million in net income last year and for the first time ever paid its common stockholders a cash dividend of $0.02 per share. The firm has 10 million shareholders. What was Carsons dividend payout ratio?

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