问题如下：
The Apex Corp. has a target debt/equity ratio of 40/60. Its capital budget for next year is estimated to be $40 million. Estimated net income is $30 million. If Apex follows a residual dividend policy, its dividend is expected to be:
选项：
A.$6 million.
B.$12 million.
C.$18 million.
解释：
A is correct.
Using the residual dividend policy, with a target debt/equity ratio of 40/60, 60 percent or $24 million of the $40 million in capital expenditures will be financed with equity; $30 million net income – $24 million retained earnings = $6 million for dividends.
为什么60%*40得到的是 RE？
