Problem:
QRW INC has a retained earnings balance of $2,000,000. The company reported net income of $600000, sales of $4,000,000 and has 200000 shares of common stock outstanding. The company annouced a dividend of $2.00 per share. Therefore the company's dividend payout ratio is:
A. 10%
B. 20%
C. 66.7
D. 50%
Note: Please provide full description.