Garnean Inc. issued ($ 50,000) in common share dividends. Its net income for the year was ($
Question:
Garnean Inc. issued \(\$ 50,000\) in common share dividends. Its net income for the year was \(\$ 250,000\). What is Garnean's dividend payout ratio?
a. 0.2
b. 0.5
c. 2.5
d. 5
Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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