Brief Exercise 12-67 Stockholder Ratios Orion Corp.'s financial data for 2019 and 2018 induded the following: 2019 2018 Net income $120,000 $135,000 49,000 42,000 Cash dividends paid on common stock Market price per share of common stock at the end of the year Shares of common stock outstanding 19.00 17.00 150,000 150,000 Required: Calculate Orion's dividend payout ratio for 2019. Round your answer to two decimal places