A firm has net earnings of $$3\mathrm{.}6$ billion this year. The firm has $600$ million shares of common stock outstanding and it paid $75$ cents per share per quarter this year. Which of the following statements is most accurate?

Question $40$ options:

The payout ratio equals $33\mathrm{.}33\%.$

The retention ratio equals $50\%.$

The retention ratio equals $33\mathrm{.}33\%.$

The payout ratio equals $66\mathrm{.}67\%.$