Last year Universal Transportation retained $225,000 of the $750,000 net income it generated. This year Universal generated net income equal to $550,000. If Universal follows the constant payout ratio dividend policy, how much should it pay in total dividends this year?
A. $550,000
B. $385,000
C. $165,000
D. $715,000
E. $525,000
Answer: B
Business
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