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Herman Corporation had net income of $100,000 and paid dividends of $25,000 to common stockholders and $20,000 to preferred stockholders in 2017. Herman Corporation's common stockholders' equity at the beginning and end of 2017 was $450,000 and $550,000, respectively. Herman Corporation's payout ratio for 2017 is
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The process of recognizing and naming someone or something based on their characteristics or attributes.
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