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Description: Suppose a firm pays total dividends of $456,000 out of net income of $1.9 million. What would the firm’s payout ratio be? (Round your answer to 2 decimal places.)

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Suppose a firm pays total dividends of $456,000 out of net income of $1.9 million. What would the firm’s payout ratio be? (Round your answer to 2 decimal places.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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