Suppose a firm has a retention ratio of 49 percent and net income of $8.3 million. How much does it pay out in dividends? (Enter your answer in dollars not in millions.)
Dividends = 4,233,000 | |
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Statement showing Computations | |
Particulars | Amount |
Net Income | 8,300,000.00 |
retention ratio | 49% |
Earnings retained = 8300,000*49% | 4,067,000.00 |
Dividends = 8300,000 - 4067,000 | 4,233,000.00 |
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Total cash dividends in Millions:_____________________
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