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Solid State Software has retained earnings of $50 million, after paying dividends of $16 million. What was the firm's payout ratio? 0.19 O 0.81 0.24

Solid State Software has retained earnings of $50 million, after paying dividends of $16 million. What was the firm's payout ratio? 0.19 O 0.81 0.24 0.14 4.20

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