Last year, a firm earned $31,200 in net income on sales of $217,600. The company paid...
Last year, a firm earned $31,200 in net income on sales of $217,600. The company paid $8,500 in dividends. What is the dividend payout ratio? a. 3.45 percent b. 4.71 percent c. 16.25 percent d. 22.85 percent e. 27.24 percent
Homework Answers
Net income=31200
dividend paid=8500
dividend payout ratio=dividend paid/net income
=8500/31200
=27.24%
correct answer is E
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