Question - The following information pertains to Blue Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $400000
Stockholders' equity-common 280000
Total stockholders' equity 282000
Sales revenue 108000
Net income 22000
Number of shares of common stock 6000
Common dividends 6100
Preferred dividends 6600
What is Blue's payout ratio?
41%.
21%.
13%.
27.73%.