Last Year, Blakely's Fashions Earned Net Income of $68,400 and Had

question 64

Multiple Choice

Last year, Blakely's Fashions earned net income of $68,400 and had 12,000 shares of stock outstanding. The dividends per share were $2.20. What is the dividend payout ratio?

• A) 32.98 percent
• B) 34.00 percent
• C) 38.60 percent
• D) 40.21 percent
• E) 44.14 percent

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