Solved: The following information pertains to skysong company, Finance Basics

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The following information pertains to skysong company

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

Total assets

$320000

Stockholders' equity-common

200000

Total stockholders' equity

298000

Sales revenue

114000

Net income

20400

Number of shares of common stock

6000

Common dividends

4500

Preferred dividends

7600

What is Skysong's payout ratio?

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