Partridge Inc.provides the following information for the year 2014: 
- The company has no preferred stock outstanding.Calculate the dividend payout ratio.
Definitions:
Real Estate Practices
Refers to the professional and ethical standards, procedures, and activities involved in the buying, selling, leasing, and managing of real estate properties.
Audit Studies
Research methods that use trained researchers to test compliance with legal or moral directives by presenting as customers, tenants, or job seekers.
Overt Racism
Explicit and openly displayed acts of racial prejudice and discrimination.
Laissez-Faire Racism
A form of racial bias that manifests through indifference or non-intervention in matters of racial inequality, effectively perpetuating discrimination.
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