Published by at January 18, 2020 BUS 401 Week 4 1. JP Corp. has a retained earnings balance of $1,000,000. The company reported net income of $300,000, 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 companys dividend payout ration is ___. […]