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If number of shares outstanding is 1 billion, and every number in the following income statement is in million, what is the dividend payout ratio
If number of shares outstanding is 1 billion, and every number in the following income statement is in million, what is the dividend payout ratio and plowback ratio? (10 points) DOLE COLA 2019 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends Addition to retained earnings $600 300 150 $150 30 $120 25 $ 95 $30 65
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