Question -
The following information pertains to Cheyenne 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 dividends5000 Preferred dividends 8300 What is whispering's payout ratio?
a) 23.92%.
b) 17%.
c) 9%.
d) 37%.