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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28507a8a-4bb2-46df-a06f-d420a3240466%2Fe4e61a55-2f72-48e5-9ec2-bfb99931e2cc%2F8sjnizc_processed.jpeg&w=3840&q=75)
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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