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During 2022 a firm reported Net Income of $192296 and an increase in Retained Earnings of $56416. What was the firm's payout ratio for 2022

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During 2022 a firm reported Net Income of $192296 and an increase in Retained Earnings of $56416. What was the firm's payout ratio for 2022 ? (Report your answer rounded to three decimal places.) Answer: During 2022 a firm reported Net Income of $192296 and an increase in Retained Earnings of $56416. What was the firm's payout ratio for 2022 ? (Report your answer rounded to three decimal places.)

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