The following information pertains to Bramble Company. Assume that all balance sheet amounts represent average balance figures.
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Total assets
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$360000
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Stockholders' equity-common
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240000
|
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Total stockholders' equity
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290000
|
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Sales revenue
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94000
|
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Net income
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21200
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Number of shares of common stock
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6000
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Common dividends
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5300
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Preferred dividends
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8500
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What is Bramble's payout ratio?
A 10%.
B 38%.
C 25.00%.
D 18%.