Solved: This information pertains to blue company lets assume that, Accounting Basics

This information pertains to blue company lets assume that

Question - This information pertains to Blue Company. Lets assume that all balance sheet amounts represent average balance figures.

Total assets $400,000

Stockholders equity-common 280,000

Total stockholders equity 282,000

Sales revenue 108,000

Net income 22,000

Number of shares of common stock 6,000

Common dividends 6,100

Preferred dividends 6,600

What is the Blues payout ratio?

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