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Hans Ayayai, president of Ayayai Corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to

Hans Ayayai, president of Ayayai Corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $720,000, and the corporation paid $144,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,570,000. Hans expects next years net income to be about $820,000. What was Ayayai Corp.s payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? (Round answers to 0 decimal places, e.g. 125.)

Payout ratiolast year

enter payout ratio in percentages rounded to 0 decimal places

%
Dividends paid this year

$enter dividends paid in dollars rounded to 0 decimal places

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