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Ralston Gourmet Foods Inc. earned $200 million last year and retained $100 million. What is the payout ratio? (Do not round intermediate calculations. Input

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Ralston Gourmet Foods Inc. earned $200 million last year and retained $100 million. What is the payout ratio? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Payout ratio %

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