What is the dividend payout ratio of this financial accounting question? Summit Enterprises has a net income of $8,000 and paysa dividend of $3,200.What is the Dividend Payout Ratio?(a) 50%(b) 40%(c) 60%(d) 25%

Step 1: Definition of Dividend Payout RatioThe Dividend Payout Ratio is a financial metric that…

Answered: Summit Enterprises has a net income of…

Summit Enterprises has a net income of $8,000 and pays a dividend of $3,200. What is the Dividend Payout Ratio? (a) 50% (b) 40% (c) 60% (d) 25%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

What is the dividend payout ratio of this financial accounting question?

Summit Enterprises has a net income of $8,000 and pays
a dividend of $3,200.
What is the Dividend Payout Ratio?
(a) 50%
(b) 40%
(c) 60%
(d) 25%

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Sub: financial accounting