Business, 12.12.2019 00:31 brarob340

Hans grouper, president of grouper corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. last year, net income was $560,000, and the corporation paid $100,800 in dividends. this year, due to some unusual circumstances, the corporation had income of $1,410,000. hans expects next year’s net income to be about $660,000.

a. what was grouper corporation's payout ratio last year?
b. if it is to maintain the same payout ratio, what amount of dividends would it pay this year?

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Hans grouper, president of grouper corp., believes that it is a good practice for a company to maint...