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Compute the payout ratio

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Question - A company had net income of $3,200,000 and paid dividends to common stockholders of $640,000 in 2022. The weighted-average number of shares outstanding in 2022 was 650,000 shares. The company's common stock is selling for $55 per share. Compute the payout ratio for 2022?

Reference no: EM132771285

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