The Wel Corporation expects next year's net income to be $20 million. The firm is currently financed with 45% debt. We has 515 million of profitable investment opportunities, and it wishes to maintain its existing debt ratio. According to the residual distribution model assuming af payments are in the form of dividends), how farge should wei's vidend payout ratio be next year? Round your answer to two decimal places. Fouver Enterprises declared a 3-for1 stock split last year, and this year is dividend is 51.90 per share. The total dividend payout represents a last year's split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cont A large retailer obtains merchandise under the credit terms of 1/10, net 30, but routinely takes 65 days to pay its bits. (Because the retailer is an oportant cuttimet super allow the firm to stretch its credit terms.) What is the retaile's effective cost of trade credit Assume a 365-day year. Do not round intermediate calculation. Round your arter to two decimal places Lote A chain of appliance stores, APP Corporation, purchases inventory with a net price of $450,000 each day. The company purchases the inventory under the credits of 9/15. 30. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP? Round your answer to the rest on