What is brambles payout ratio

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

Total assets

$360000

Stockholders' equity-common

240000

Total stockholders' equity

290000

Sales revenue

94000

Net income

21200

Number of shares of common stock

6000

Common dividends

5300

Preferred dividends

8500

What is Bramble's payout ratio?

A 10%.

B 38%.

C 25.00%.

D 18%.

Reference no: EM131761276

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