Question - This information pertains to Blue Company. Lets assume that all balance sheet amounts represent average balance figures.
Total assets $400,000
Stockholders equity-common 280,000
Total stockholders equity 282,000
Sales revenue 108,000
Net income 22,000
Number of shares of common stock 6,000
Common dividends 6,100
Preferred dividends 6,600
What is the Blues payout ratio?