4 Dividend per Share - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri De Paste BIU 4 4 11 % Alignment Number Conditional Format as Cell Cells Editing Clipboard A1 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 A B Font fx C 4 Formatting Table Styles Styles D 4 Sign In E F G H Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, and 215 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.) Retention ratio Net income Shares outstanding 60% 36,500,000 215,000,000 Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. Dividend per share