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Suppose a firm pays total dividends of $1,176,000 out of net income of $5.6 million. What would the firm's payout ratio be? (Round your answer
Suppose a firm pays total dividends of $1,176,000 out of net income of $5.6 million. What would the firm's payout ratio be?(Round your answer to 2 decimal places.)
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
