Residual distribution model puckett products is planning, Ask an Expert

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Residual Distribution Model Puckett Products is planning for $3 million in capital expenditures next year.

Puckett's target capital structure consists of 40% debt and 60% equity.

If net income next year is $1.8 million and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93059887

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