FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
9th Edition
ISBN: 9781119595649
Author: Kimmel
Publisher: WILEY
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Chapter 11, Problem 23Q
To determine

Payout Ratio refers to a measure that evaluates the amount of dividends paid in cash to the shareholders out of the net income earned by a corporation. It is generally expressed as a percentage.

To indicate: the formula of payout ratio.

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