Discuss what is novaks payout ratio

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

Total assets

$415000

Stockholders' equity-common

295000

Total stockholders' equity

260000

Sales revenue

120000

Net income

22300

Number of shares of common stock

5500

Common dividends

6400

Preferred dividends

7100

What is Novak's payout ratio?

28.70%.

14%.

42%.

22%.

Reference no: EM131759660

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