Problem:
Last year, Boxer Inc. earned a net income of $175,000 and had 50,000 shares of stock outstanding. The dividends per share were $1.19.
Required:
Question: What is the dividend payout ratio?
A) 34%
B) 75%
C) 25%
D) 66%
E) 50%
Note: Explain in detail and show all computations in proper way.