Questions are based on the following information.
Layne Corporation had the following information in its financial statements for the years ended 2010 and 2011:
-What is the payout ratio for Layne Corporation for the year ended 2011?
Definitions:
Unauthorized Completion
The act of finishing or filling out a document or contract without the explicit authorization or consent of all parties involved.
Material Alteration
A significant change to a document or agreement that affects its legal obligations or rights.
Unauthorized Acquisition
Obtaining assets, data, or information without permission from the rightful owner or authority, which may involve breaches of security or law.
Dishonored
Refused; specifically, a payment that has been refused despite a holder presenting an instrument in a timely and proper manner.
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