Question
2) Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the firms payout ratio be? (Round your
2) Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the firms payout ratio be? (Round your answer to 2 decimal places.
3) Suppose a firm has a retention ratio of 26 percent and net income of $4.1 million. How much does it pay out in dividends? (Enter your answer in dollars not in millions.)
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
