(Answered) Question - the following information pertains to blue

Accounting

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%.

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