Two Otherwise Equal Companies Have Significantly Different Dividend Payout Ratios

Multiple Choice

Two otherwise equal companies have significantly different dividend payout ratios. Which of the following statements is most likely to be correct? The company with the higher dividend payout ratio:

A) will have a higher inventory turnover ratio.
B) will have a lower inventory turnover ratio.
C) will have a higher earnings retention ratio.
D) will have a lower earnings retention ratio.