Business, 13.08.2021 20:00, alott1121

Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Ale Corporation's common stock is selling for $60 per share on the New York Stock Exchange. Ale Corporation's payout ratio for 2017 is

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Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2...