Bramley Consulting has an equity multiplier of 3.2. The company's assets are financed with some combination of long-term debt and common equity. What is the company's debt ratio?

Group of answer choices

31.25%

68.75%

32.00%

68.00%

For the last fiscal year ending in December, we have: net income is $1,000,000 and preferred dividends are $100,000. If retained earnings at the beginning of the year were $5,000,000 and $5,600,000 at the end of the year, then what were common stock dividends paid during the year?

Group of answer choices

$100,000

$300,000

$500,000

$700,000