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Determine the bramble corp payout ratio

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Question - Bramble Corp. had net income of $1617000 and paid dividends to common stockholders of $404250 in 2022. The weighted average number of shares outstanding in 2022 was 986370 shares. Bramble Corp.'s common stock is selling for $40 per share on the NASDAQ. Determine the Bramble Corp.'s payout ratio for 2022?

Reference no: EM133017650

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