Farley corporation payout ratio

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Reference no: EM13141204

Farley Corporation had net income of $160,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2007. Farley Corporation's common stockholders' equity at the beginning and end of 2007 was $450,000 and $550,000, respectively.

Farley Corporation's payout ratio for 2007 is ??

Reference no: EM13141204

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