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Calculate Payout Ratio Given the Following Information: Cash Dividends Paid

Question 168

Multiple Choice

Calculate payout ratio given the following information: cash dividends paid = $4,200; sales = $80,000; cost of goods sold = $30,000; selling and administrative expenses = $8,000; interest
Expense = $2,000; tax rate = 30%.


A) 15%
B) 35%
C) 85%
D) 75%
E) 45%

Correct Answer:

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