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Splish Brothers Inc. had net income of $147000 and paid dividends of $43500 to common stockholders and $16000 to preferred stockholders in 2020. Splish Brothers

image text in transcribed Splish Brothers Inc. had net income of $147000 and paid dividends of $43500 to common stockholders and $16000 to preferred stockholders in 2020. Splish Brothers Inc''s common stockholders' equity at the beginning and end of 2020 was $850000 and $1380000, respectively. Splish Brothers Inc's payout ratio for 2020 was 14.65%29.59%43.25%4.35%

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