QUESTION 39 The payout ratio is computed by dividing A. total cash dividends paid to common stockholders by net income. B. dividends paid per share by year-end stock price. C. total cash dividends paid to common stockholders by retained earnings. D. dividends paid per share by net income. QUESTION 39 The payout ratio is computed by dividing A. total cash dividends paid to common stockholders by net income. B. dividends paid per share by year-end stock price. C. total cash dividends paid to common stockholders by retained earnings. D. dividends paid per share by net income