A company reports net income of $120,000 and pays dividends of $30,000. What is the dividend pay-out ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Problem financial accounting

A company reports net income of $120,000 and pays dividends of
$30,000. What is the dividend pay-out ratio?
Transcribed Image Text:A company reports net income of $120,000 and pays dividends of $30,000. What is the dividend pay-out ratio?
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