Multiple Choice Question 200 The following information perta

Multiple Choice Question 200 The following information pertains to Sherida amounts represent average balance figures Total assets Stockholders\' equity-c Total stockholders\' equity Sales revenue Net income Number of shares of common stock n Company. Assume that all balance $325000 ommon 205000 267000 96000 20500 7500 Common dividends Preferred dividends 4600 8500 What is Sheridan\'s payout ratio? 16%. a. b. C. d. 22.44%. 3690. 790.

Solution

Answer:- (b) 2.44%

Detailed Explanation :-

Dividend Payout Ratio= Dividend Paid/Net Income

So 4600/20500=22.44%