Answered: What is Garnean's dividend payout…

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What is Garnean's dividend payout ratio?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 8RE: Given the following year-end information for Somerset Corporation, compute its basic earnings per...

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Question

22.

Garnean Inc. issued $50,000 in common share dividends. Its net income for the year was $250,000. What is Garnean's dividend payout ratio?

a.0.2

b.0.5

c.2.5

d.5

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