what is the dividend payout ratio?

Tinsley, Incorporated, wishes to maintain a growth rate of 13.5 percent per year and a debt-equity ratio of .4. The profit margin is 4.8 percent, and total asset turnover is constant at 1.18. a. What is the dividend payout ratio? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the maximum sustainable growth rate for this company? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16