What is the payout ratio, Lucas has 7 million shares

What is the payout ratio

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Reference no: EM131596339

Lucas, Inc. earned $19 million last year and retained $7 million. Lucas has 7 million shares outstanding, and the current price of Lucas shares is $25 per share. What is the payout ratio? (Round your answer to the nearest whole percent.)

Reference no: EM131596339

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