Answered: Lovelyn Co. paid one half of its…

Lovelyn Co. paid one half of its earnings in dividends. Its earnings increased by 50% and the amount of its dividends increased by 40% in 2021. Lovelyn's dividend payout ratio for 2021 was ___?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lovelyn Co. paid one half of its earnings in dividends. Its earnings increased by 50% and the amount of its dividends increased by 40% in 2021. Lovelyn's dividend payout ratio for 2021 was ___?

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