Question
DEFInc.reportednetincomeof$200,000fortheyearendedDecember31st,2023.During the year, the company issued dividends of $40,000. Calculate the company's dividend payout ratio.
DEF Inc. reported net income of $200,000 for the year ended December 31st, 2023. During the year, the company issued dividends of $40,000. Calculate the company's dividend payout ratio.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
