Question
Lucas, Inc. earned $16 million last year and retained $5 million. Lucas has 6 million shares outstanding, and the current price of Lucas shares is
| Lucas, Inc. earned $16 million last year and retained $5 million. Lucas has 6 million shares outstanding, and the current price of Lucas shares is $40 per share. What is the payout ratio? (Round your answer to the nearest whole percent.) |
74%
64%
69%
72%
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
