Sewell Enterprises earned $240 million last year and retained $175 million. What is the payout ratio?...
Sewell Enterprises earned $240 million last year and retained $175 million. What is the payout ratio? (Round the final answer to 1 decimal place.) Payout ratio %
Homework Answers
Payout ratio =( Dividend paid / Net earnings for the period) * 100
Here,
Net earnings for the period = $240 million
Dividend paid = Net income - Retained earnings
Dividend paid = $240 million - $175 million = $65 million
Now put the values into formula,
Payout ratio = ($65 million / $240 million) * 100
Payout ratio = 27.1%
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