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Puckett follows a residual distribution policy with all

Puckett Products is planning for $5 million in capital expenditures next year. Puckett's target capital structure consists of 60% debt and 40% equity. If net income next year is $3 million and Puckett follows a residual distribution policy with all distributions as dividends ,what will be its dividend payout ratio?

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Cost Accounting: Puckett follows a residual distribution policy with all

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Cost Accounting: Puckett follows a residual distribution policy with all

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