Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Goodwin Corp. has revenues of $13,756,927, costs of $10,317,695, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $1,020,000

Goodwin Corp. has revenues of $13,756,927, costs of $10,317,695, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $1,020,000 to its stockholders. What are the firms dividend payout ratio and retention ratio? (Round answers to 2 decimal places e.g. 17.55%.)

Dividend Payout Ratio:_________________%

Rentention Ratio:__________________%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Analyse Bank Financial Statements

Authors: Thomas Padberg

1st Edition

0857195182, 978-0857195180

More Books

Students also viewed these Finance questions

Question

2. What is the business value of security and control?

Answered: 1 week ago