Domino's Pizza Enterprises (DMP) is Australia's largest chain of pizza restaurants, and is the largest franchisee for the Domino's Pizza brand in the world. In 2014, the company paid total cash dividends of $26,067,000and had net profit of
a. What was the firm's dividend payout ratio?
b. If Dominos were to earn $63 million in 2015 and maintained the same dividend payout ratio that it paid in 2014, what would the firm's dividends be?
Part A Dividend Payout ratio = Total Dividends / Total net profit... View the full answer