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Question - The following info pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures:
Total assets-$360000
stockholder equity-common-$240000
total stockholders equity-$290000
Sales revenue-$94000
Net income-$21200
Numbers of shares of common stock-$6000
Common dividends-5300
Preferred dividends-$8500
What is Brambles payout ratio?
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