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Category > Business & Finance Posted 20 May 2017 My Price 8.00

The Garlington Corporation

The Garlington Corporation expects next year's net income to be $15 mil-lion. 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. According to the residual dividend policy, how large should Garlington's dividend payout ratio be next year?

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Status NEW Posted 20 May 2017 01:05 PM My Price 8.00

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