Farhan's Fences Has Retained Earnings of $2

question 115

Multiple Choice

Farhan's Fences has retained earnings of $2.5 million,after paying dividends of $1.5 million.What was the firm's payout ratio?

• A)0.38
• B)0.60
• C)0.63
• D)1.50
• E)1.67

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