What is the payout ratio, Lucas Inc. earned $15 million last year and retained $6, Accounting Basics

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What is the payout ratio

Problem:

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.

Required:

Question: What is the payout ratio?

2.67%
4%
40%
60%

Note: Please show the work not just the answer.

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Accounting Basics: What is the payout ratio

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Accounting Basics: What is the payout ratio

Reference No:- TGS0885948

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: What is the payout ratio

Reference No:- TGS0885948

Recent Questions Asked Accounting Basics

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Q : Required rate of return on a stock

Q : What is the payout ratio

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