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Casper's Cookie Company had net income of $328,000 and paid dividends to common stockholders of $37,720 in 2020. The weighted average number of shares outstanding

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Casper's Cookie Company had net income of $328,000 and paid dividends to common stockholders of $37,720 in 2020. The weighted average number of shares outstanding in 2020 was 36,000 shares. Casper's Cookie Company's common stock is selling for $54 per share on the New York Stock Exchange. What is Casper's Cookie Company's payout ratio for 2020? Show your work

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