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Suppose Dunham had followed Jensen's 1993 recommendation to lower its payout ratio. Recalculate the firm's debt and current ratios for 1995 assuming that the payout

Suppose Dunham had followed Jensen's 1993 recommendation to lower its payout ratio. Recalculate the firm's debt and current ratios for 1995 assuming that the payout ratio was 20 percent from 1993 to 1995. (Assume that the extra money was used to reduce the firm's notes payable)

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