Answer:
34.70%
Explanation:
Calculation for the plowback ratio
Using this formula
Plowback ratio=(Earnings per share-Pays out per share)/Earnings per share
Let plug in the formula
Plowback ratio = ($2.68 - $1.75)/$2.68
Plowback ratio =$0.93/$2.68
Plowback ratio = .3470 ×100
Plowback ratio =34.70%
Therefore Plowback ratio will be 34.70%
