Question
Lucas, Inc. earned $19 million last year and retained $7 million. Lucas has 7 million shares outstanding, and the current price of Lucas shares is
| Lucas, Inc. earned $19 million last year and retained $7 million. Lucas has 7 million shares outstanding, and the current price of Lucas shares is $25 per share. What is the payout ratio? (Round your answer to the nearest whole percent.) |
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
