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  3. 8 a firm paid total cash dividends of $119 and had

8 A firm paid total cash dividends of $119 and had net income of $217 in...

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Finance

8 A firm paid total cash dividends of $119 and had net income of$217 in 2008.

  1. If it earned $328 in 2009 and maintained the same dividendpayout ratio that it paid in this year, what will the firm's totaldividends be?

Please round to two decimals

Answer & Explanation Solved by verified expert
4.4 Ratings (781 Votes)
Solution The formula for calculating Dividend Payout Ratio is Dividends Paid Net Income As per the information given in the question we have Dividends paid for the    See Answer
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Transcribed Image Text

8 A firm paid total cash dividends of $119 and had net income of$217 in 2008.If it earned $328 in 2009 and maintained the same dividendpayout ratio that it paid in this year, what will the firm's totaldividends be?Please round to two decimals

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