Question - The following information pertains to Whispering Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $345000
Stockholders' equity-common 225000
Total stockholders' equity 273000
Sales revenue 118000
Net income 20900
Number of shares of common stock 8000
Common dividends 5000
Preferred dividends 8300
What is Whispering's payout ratio?
37%.
23.92%.
17%.
9%