Multiple Choice
Last year,Teresa's Fashions earned net income of $68,400 and had 12,000 shares of stock outstanding.The dividends per share were $1.20.What is the dividend payout ratio?
A) 21.05 percent
B) 24.07 percent
C) 38.60 percent
D) 40.21 percent
E) 44.14 percent
Correct Answer:
Verified
Correct Answer:
Verified
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