The dividend payout ratio calculates to be 46.19%. The procedure involves applying the DuPont identity to obtain this figure. Initially, one utilizes the DuPont identity of RoE. The debt ratio is equivalently represented in another form where D/E denotes the Debt-Equity Ratio. By substituting the D/E ratio from the question into the debt ratio formula, one can derive the relationship between RoE and the earnings growth rate g via a formula, where p is the dividend payout ratio. Plugging in the necessary values yields p = 0.461988304 or 46.19%.
Answer:
a paddle
Explanation:
Utilizing a "paddle" is crucial for propelling a boat. Paddling generates a force that resists the water. This force encounters an opposing force that is equal and allows the boat to move forward.
Consequently, when you push water away, the boat gains momentum. This method is essential for effective boat movement; improper technique will hinder progress.
