Charleston industrial revised its dividend policy and, Financial Management

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Charleston industrial revised its dividend policy and

Charleston Industrial revised its dividend policy and decided that it wants to maintain a retained earnings account of $1 million. The company's retained earnings account at the end of 2011 was $750,000, and it had earnings Available to common stockholders of $800,000 in 2012. What is Charleston Industrial's dividend payout ratio for 2012?

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Financial Management: Charleston industrial revised its dividend policy and

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