Suppose a firm pays total dividends of $564,000 out of net income of $4.7 million. What would the firm's payout ratio be?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter2: Financial Statements, Cash Flow, And Taxes
Section2.8: Performance Evaluation
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What would the firm's payout ratio be? Please answer the financial accounting question

Suppose a firm pays total
dividends of $564,000 out of
net income of $4.7 million.
What would the firm's payout
ratio be?
Transcribed Image Text:Suppose a firm pays total dividends of $564,000 out of net income of $4.7 million. What would the firm's payout ratio be?
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