(Answered) Question - the following information pertains to sunland

Accounting

Question - The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures.

Total assets $355000

Stockholders' equity-common 235000

Total stockholders' equity 294000

Sales revenue 97000

Net income 21100

Number of shares of common stock 6000

Common dividends 5200

Preferred dividends 8500

What is Sunland's payout ratio?

38%.

10%.

24.64%.

18%.

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