The following data were collected from the financial statements of Jensen Limited: Dividends ($) Profit ($) 2023 300,000 650,000 2022 270,000 550,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the dividend payout ratio for Jensen Limited for both its 2022 and 2023 financial years:

The following data were collected from the financial statements of Jensen Limited:
Dividends ($)
Profit ($)
2023
300,000
650,000
2022
270,000
550,000
Transcribed Image Text:The following data were collected from the financial statements of Jensen Limited: Dividends ($) Profit ($) 2023 300,000 650,000 2022 270,000 550,000
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