Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ralston Gourmet Foods Inc. earned $225 million last year and retained $115 million. What is the payout ratio? (Do not round intermediate calculations. Input your
| Ralston Gourmet Foods Inc. earned $225 million last year and retained $115 million. |
| What is the payout ratio? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) |
| Payout ratio | % |
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
