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Unformatted text preview: 60,550/929,000=.065 Net Income X 1.2= 60,550 X 1.2=72,660 Then next you take that and divide it by the sales 72,660/929,000 Divided pay out ratio=Cash dividends/Net income 33,735/112,450 0.3 Addition to retained earnings/Net income 78,715/112,450 0.7 Not sure what else to do I emailed you for help but this is all I got so...
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- Spring '12
- Corporate Finance