Kurt's Adventures has a debt-equity ratio of 3. Earnings for next year are estimated at $30,000. Capital spending is estimated at $100,000 for next year. If the company follows a residual dividend
Policy, what is the estimated dividend payout ratio?
A) 0%
B) 17%
C) 33%
D) 48%
E) 67%
Correct Answer:
Verified
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