Business, 17.12.2019 23:31 Netnee

Hans bramble, president of bramble corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. last year, net income was $740,000, and the corporation paid $148,000 in dividends. this year, due to some unusual circumstances, the corporation had income of $1,590,000. hans expects next year’s net income to be about $840,000.
1. what was bramble corp.’s payout ratio last year?
2. if it is to maintain the same payout ratio, what amount of dividends would it pay this year?

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Hans bramble, president of bramble corp., believes that it is a good practice for a company to maint...

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