Question 20 A corporation reports the following information: Net income, $920,000 Common stock dividends, $100,000 Preferred stock dividends, $50,000 Average total assets, $6,600,000 Average common stockholders' equity, $4,000,000 Average preferred stockholders' equity, $1,000,000 What is the payout ratio? 10.87% 16.30% 5.43% O 15.00% 21.75%