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28 Question 56 0 out o Use the following information to calculate the Payout Ratio given that there are 25,000 shares of common stock outstanding:

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28 Question 56 0 out o Use the following information to calculate the Payout Ratio given that there are 25,000 shares of common stock outstanding: Mary's Toy Stores Operating profit (EBIT) $320,000 Interest expense. 40.000 Earnings before taxes (EBT). $280,000 Taxes 81.000 Earnings after taxes (EAT). 199,000 Preferred dividends 36.500 Available to common shareholders...... $162.500 Common dividends Paid 51,000 Market price of the shares is $15. The Payout Ratio for Mary's Stores is (2 decimal places)

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