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%.
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Cathy's clientele consists of two-thirds residential customers and one-third business customers, with 350 residential customers in total.
Determine:
The overall number of customers
Solution:
Considering 350 represents two-thirds of the total customers, divide 350 by 2 to get 175, which equals one-third of the customer base.
175 × 3 = 525
<span>Thus, the total customer count is 525.</span>
