What is Ayayai payout ratio

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

Total assets $350000

Stockholders' equity-common 230000

Total stockholders' equity 284000

Sales revenue 102000

Net income 21000

Number of shares of common stock 8000

Common dividends 5100

Preferred dividends 7600

Required - What is Ayayai's payout ratio?

a. 18%.

b. 9%.

c. 38%.

d. 24.29%.

Reference no: EM132449609

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