Question - The following information pertains to Kingbird Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $395000
Stockholders' equity-common 275000
Total stockholders' equity 255000
Sales revenue 93000
Net income 21900
Number of shares of common stock 8000
Common dividends 6000
Preferred dividends 8400
What is Kingbird's payout ratio?
12%.
27.40%.
41%.
21%.