Solved: How much should be paid in dividends this year, Finance Basics

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How much should be paid in dividends this year

Question:

Last year, Axel Tires retained $180,000 of the $450,000 net income it generated. This year, Axel generated net income equal to $510,000. If Axel follows the constant dividend payout ratio dividend policy, how much should be paid in dividends this year?

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Finance Basics: How much should be paid in dividends this year

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