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What is the payout ratio for Ayayai

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

Total assets $306000

Stockholders' equity-common 170100

Total stockholders' equity 197000

Sales revenue 114500

Net income 26950

Number of shares of common stock 6100

Common dividends 5000

Preferred dividends 7400

Required - What is the payout ratio for Ayayai?

Reference no: EM132938935

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