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Last Year,a Firm Earned $31,200 in Net Income on Sales

Question 63

Multiple Choice

Last year,a firm earned $31,200 in net income on sales of $217,600.The company paid $8,500 in dividends.What is the dividend payout ratio?

A) 3.45 percent
B) 4.71 percent
C) 16.25 percent
D) 22.85 percent
E) 27.24 percent

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