The Garlington Corporation expects next year's net income to be $15 million. The firm's debt/assets ratio currently is 40 percent. Garlington has $12 million of profitable investment opportunities, and it wishes to maintain its existing debt ratio. Accoring to the residual dividend policy, how large should Garlington's dividend payout ratio be next year?
Paper#10174 | Written in 18-Jul-2015Price : $25