(Answered) Jb corporation has a retained earnings balance of 1000000

Finance

JB Corporation has a retained earnings balance of $1,000,000. The company reported net income of $200,000, sales of $2,000,000, and had 100,000 shares of common stock outstanding. The company announced a dividend of $ 1 per share. Therefore, the company's dividend payout ratio is

i) 10%
ii) 20%
iii) 50%
iv) 100%

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