Multiple Choice
JB Corporation has a retained earnings balance of $2,000,000.The company reported net income of $600,000,sales of $4,000,000,and has 200,000 shares of common stock outstanding.The company announced a dividend of $2.00 per share.Therefore,the company's dividend payout ratio is
A) 66.7%.
B) 50%.
C) 20%.
D) 10%.
Correct Answer:
Verified
Correct Answer:
Verified
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