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Calculate the payout ratio

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Question - After discussion with the board of directors of the company, Lionel Mandrake, founder and chairman of Mandrake, Inc., decided to retain $600 million from its net income of $1 billion. Calculate the payout ratio.

Reference no: EM133035632

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Calculate the payout ratio : Lionel Mandrake, founder and chairman of Mandrake, Inc., decided to retain $600 million from its net income of $1 billion. Calculate the payout ratio
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