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9) Ralston Gourmet Foods Inc. earned $175 million last year and retained $145 million. What is the payout ratio? (Do not round intermediate calculations. Input

9)

Ralston Gourmet Foods Inc. earned $175 million last year and retained $145 million.

What is the payout ratio? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Payout ratio

%

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