Suppose a firm is paying dividend of $500000 out of net income of $2 million. What is the firm's payout ratio?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter2: Financial Statements, Cash Flow, And Taxes
Section2.8: Performance Evaluation
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Suppose a firm is paying dividend of $500000 out of net income of $2 million. What is the firm's payout ratio?

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