The following information pertains to Blue Company. Assume that all balance sheet amounts

The following information pertains to Blue Company. Assume that all balance sheet amounts

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 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?

 




27.73%.
 


21%.
 


13%.
 


41%.
 
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