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ABC Corporation reported net income of $26,000 last year. The company reported earnings per share of ...
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ABC Corporation reported net income of $26,000 last year. The company reported earnings per share of ...
ABC Corporation reported net income of $26,000 last year. The company reported earnings per share of $2.80. ABC paid dividends of $1.75 on each share of outstanding stock. What was ABC's dividend payout ratio?
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Managerial Accounting
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4
th
Author:
Davis
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$1.75 ÷ $2.80 = 62.5%
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