2 question i need help with (multiple choice)

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

Total assets

$325000

Stockholders' equity-common

205000

Total stockholders' equity

267000

Sales revenue

96000

Net income

20500

Number of shares of common stock

7500

Common dividends

4600

Preferred dividends

8500

What is Sheridan's payout ratio?

7%.

22.44%.

16%.

36%.

2) Bramble Corp. had net income of $94700 and paid dividends of $30000 to common stockholders and $15500 to preferred stockholders in 2017. Bramble Corp. common stockholders' equity at the beginning and end of 2017s was $440000 and $550000, respectively. Bramble Corp. return on common stockholders' equity is

11%.

15%.

20%.

16%.