Suppose a firm pays total dividends of $564,000 out of net income of $4.7 million. What would the firm's payout ratio be?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter2: Financial Statements, Cash Flow, And Taxes
Section2.8: Performance Evaluation
Problem 1ST
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Financial Accounting

Suppose a firm pays total dividends of $564,000
out of net income of $4.7 million. What would
the firm's payout ratio be?
Transcribed Image Text:Suppose a firm pays total dividends of $564,000 out of net income of $4.7 million. What would the firm's payout ratio be?
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