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Question - The following information pertains to Nash's Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $300000
Stockholders' equity-common 180000
Total stockholders' equity 250000
Sales revenue 90000
Net income 20000
Number of shares of common stock 5000
Common dividends 4100
Preferred dividends 6500
What is Nash's's payout ratio?
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