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Brief Exercise 11-9 Your answer is incorrect. Try agsin $540,000, and the corporation paid $108,000...

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Accounting

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Brief Exercise 11-9 Your answer is incorrect. Try agsin $540,000, and the corporation paid $108,000 in dividends. This yeal, due to some unaunstances, the raome payout of dividends relative to its earmings. Last yea, net income was $1,390,000nc some unusual circumstances, the corporation had income of $1,390,000. Hans expects next year's net income to be about $640,000. What was Cheyenne Corp's payout ratio last year? Ir t ls to maintain the same same payout ratio, what amount of dividends would it pay this year? (Round answers to o decimal places, o.g. 125.) Payout ratio-last year Dividends paid this year Click if you would like to Show Work for this question: Open Show Work 108

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