1. Suppose it is year-end, and a firm has a reported net income of $1,500,000, Management decides to pay dividends of $600,000. What is the firm's payout ratio?

2.Suppose it is year-end, and a firm has a reported net income of $1,500,000, Management decides to pay dividends of $600,000. What is the firm's retention ratio

3.Firm A has an expected capital budget of $100,000 for next year. The firm uses a target capital structure with a debt-to-equity ratio of 0.25. The projected net income for next year is expected to be $100,000. Using a residual dividend policy, how much will the firm expect to pay in dividends next year?