Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the...

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Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the payout ratio for FI? Rickie states the FI earned $1

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Answer 1

Answer #1

Payout =Earnings-Retained =15-9 =6 million

Payout ratio =6/15 =40%

Thus the answer is C)

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Answer 2

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