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Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the payout ratio for FI? Rickie states the FI earned

Rickie is CFO of Fowler Inc. Rickie has been asked by his CEO What is the payout ratio for FI? Rickie states the FI earned $15 million last year and retained $6 million. FI has 5 million shares outstanding, and the current price of FI shares is $30 per share. Select one: a. 2.67% b. 4% c. 40% d. 60%

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