Mathematics, 24.04.2020 18:43 jackie1013fusse

The LaCrescent Brewing Company has a retained earnings balance of $2,000,000. The company reported net income of $600,000, sales of $4,000,000, and has 200,000 shares of common stock outstanding. The company announced a dividend of $2.00 per share. What is the company's dividend payout ratio?

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