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Business, 01.10.2019 06:00, mathman783
The following information pertains to marsh company. assume that all balance sheet amounts represent average balance figures. total asset $400,000stockholders' equity—common 200,000total stockholders' equity 280,000sales revenue 120,000net income 25,000number of shares of common stock 8,000common dividends 9,000preferred dividends 6,000what is marsh's payout ratio? a. 60%.b. 36%.c. 24%.d. 7.5%.
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