(Answered) Question - the following information pertains to kingbird

Accounting

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%.

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