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I have been at this question for awhile. Any help would be greatly appreciated. The following information pertains to Skysong Company. Assume that all balance

I have been at this question for awhile. Any help would be greatly appreciated.

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

Total assets

$320000

Stockholders' equity-common

200000

Total stockholders' equity

298000

Sales revenue

114000

Net income

20400

Number of shares of common stock

6000

Common dividends

4500

Preferred dividends

7600

What is Skysong's payout ratio?

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