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The following information pertains to Ayayai Company. Assume that all balance sheet amounts represent average balance figures. Total assets $350000

Price:
$2.99


Product Description

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

Total assets

$350000

Stockholders' equity-common

230000

Total stockholders' equity

284000

Sales revenue

102000

Net income

21000

Number of shares of common stock

8000

Common dividends

5100

Preferred dividends

7600

 

What is Ayayai's payout ratio?

 

 

 

18%.

 

9%.

 

38%.

 

24.29%.

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