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

Name: 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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Question

Quizplus · Accepted Answer

Dividend payout ratio = $8,500/$31,200 = 27.24 percent

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