What is the payout ratio for blue

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The following information pertains to Blue Spruce Corp.. Assume that all balance sheet amounts represent average balance figures.

Total assets                            $320000
Stockholders' equity-common      150400
Total stockholders' equity           192000
Sales revenue                         94500
Net income                              25750
Number of shares of common stock 5600
Common dividends                       5000
Preferred dividends                     7100

Problem 1: What is the payout ratio for Blue

a. 27.4%
b. 4.4%
c. 47.4%
d. 19.4%

Reference no: EM132746322

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