Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lucas Inc. earned $17 milion last year and retained $4 million. Lucas has B million shares outstanding, and the current price of Lucas shares
Lucas Inc. earned $17 milion last year and retained $4 million. Lucas has B million shares outstanding, and the current price of Lucas shares is $25 per share. What is the dividend payout ratio? (Round your answer to the nearest whole percent.) 79% 81% 76% O 71%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started