Question - The following information pertains to Oriole Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $390000
Stockholders' equity-common 270000
Total stockholders' equity 280000
Sales revenue 114000
Net income 21800
Number of shares of common stock 8000
Common dividends 5900
Preferred dividends 8400
What is Oriole's payout ratio?
40%.
20%.
27.06%.
12%.