(Answered) The following information pertains to bramble company

Accounting

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

Total assets	$360000
Stockholders' equity-common	240000
Total stockholders' equity	290000
Sales revenue	94000
Net income	21200
Number of shares of common stock	6000
Common dividends	5300
Preferred dividends	8500

What is Bramble's payout ratio?

A 10%.

B 38%.

C 25.00%.

D 18%.

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