b. 2.1% c. 36.3% d. 38.1% 50. Presented below are selected data from the financial statements of Provost Corp. 2017 2016 Net income $110,000 $123,000 Cash dividends paid on common stock $42,000 $38,000 Market price per share of common stock at the end of the year $16.00 $13.00 Shares of common stock outstanding 140,000 140,000 The dividend payout ratio for 2017 is a. 1.8% b. 30.0% c. 36.3% d. 38.0%