Calculate Payout Ratio Given the Following Information: Cash Dividends Paid

question 297

Multiple Choice

Calculate payout ratio given the following information: cash dividends paid = $6,000; sales = $100,000; cost of goods sold = $45,000; selling and administrative expenses = $25,000; interest expense = $6,000; tax rate = 30%.

• A) 64.29%
• B) 68.23%
• C) 50%
• D) 31.77%
• E) 35.71%

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