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What is orioles payout ratio

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

Total assets $390000

Stockholders' equity-common 270000

Total stockholders' equity 280000

Sales revenue 114000

Net income 21800

Number of shares of common stock 8000

Common dividends 5900

Preferred dividends 8400

What is Oriole's payout ratio?

40%.

20%.

27.06%.

12%.

Reference no: EM131629705

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