3. JFINEX Corporation has a retained earnings of 2,100,000. The company reported an EBIT of 540,000 and net income of 300,000. The company declared a total dividend of 30,000. What is the dividend payout ratio?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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3. JFINEX Corporation has a retained
earnings of 2,100,000. The company
reported an EBIT of 540,000 and net
income of 300,000. The company
declared a total dividend of 30,000. What
is the dividend payout ratio?
A) 10%
B) 1.40%
C) 5.60%
D) 50%
Transcribed Image Text:3. JFINEX Corporation has a retained earnings of 2,100,000. The company reported an EBIT of 540,000 and net income of 300,000. The company declared a total dividend of 30,000. What is the dividend payout ratio? A) 10% B) 1.40% C) 5.60% D) 50%
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