Question 1 The condensed income statements of the American restaurant chain namely "Delicious Delight" for the year 2017, 2018 and 2019 are presented below. You are interested in gauging the past trends in dividends paid by this company from the EURO perspective. The company payout ratio has an average of 25% (ratio of dividends paid to reported earnings). 2017 (000) 2018 (000) 2019 (000) Net Sales $500,000 $550,000 $600,000 Gross Margin 200,000 225,000 275,000 Net Income 100,000 105,000 130,000 Net Income after taxes 75,000 80,000 98,000 Foreign Exchanges rate 2017 2018 2019 Year-end rates EURO 1 = $1.17 EURO 1 = $1.18 EURO 1 = $1.20 Required: Compute the percentage of change in dividends for 2018 and 2019 for Delicious Delight Restaurant