Jaylo Inc. had net income of $500,000, net sales of $10,000,000 and paid cash dividends of $

Jaylo Inc. had net income of $500,000, net sales of $10,000,000 and paid cash dividends of $

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 Jaylo Inc. had net income of $500,000, net sales of $10,000,000 and paid cash dividends of $200,000 to the common stockholders. How much is Jaylo’s payout ratio?






4%


 


40%


 


20%


 


2%


 
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