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Lucas Inc Earned $15 Million Last Year and Retained $6 Million

question 94

Multiple Choice

Lucas Inc. earned $15 million last year and retained $6 million. Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the dividend payout ratio?

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Definitions:

Somatosensory Cortex

A part of the brain that processes sensory input from various parts of the body, including touch, temperature, and pain.

Parietal Lobe

A region of the cerebral cortex involved in processing sensory information from various parts of the body, understanding spatial orientation, and language and mathematics processing.

Left Hemisphere

The hemisphere of the brain that is typically responsible for the control of language, math, and logical thinking processes.

Language

is the method of human communication, either spoken or written, consisting of the use of words in a structured and conventional way.

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