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Farhan's Fences Has Retained Earnings of $2

Question 115

Multiple Choice

Farhan's Fences has retained earnings of $2.5 million,after paying dividends of $1.5 million.What was the firm's payout ratio?

A) 0.38
B) 0.60
C) 0.63
D) 1.50
E) 1.67

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