Symons Corporation has provided the following financial data: Year 2 Year 1 Balance Sheet December 31, Year 2 and Year 1 Assets Current assets: Cash $ 225,000 Accounts receivable, net 191,000 Inventory 96,000 Prepaid expenses 91,000 Total current assets 603,000 Plant and equipment, net 810,000 Total assets $1,413,000 $ 160,000 180,000 110,000 80,000 530,000 840,000 $1,370,000 $ $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 226,000 66,000 54,000 346,000 170,000 516,000 190,000 70,000 50,000 310,000 170,000 480,000 250,000 70,000 577,000 897,000 $1,413,000 250,000 70,000 570,000 890,000 $1,370,000 pped Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $1,260,000 Cost of goods sold 760,000 Gross margin 500,000 Operating expenses 473,429 Net operating income Interest expense Net income before taxes 13.571 Income taxes (30%) Net income 26,571 S 9,500 Dividends on common stock during Year 2 totaled $2.500. The market price of common stock at the end of Year 2 was $2.01 per share. The company's dividend payout ratio for Year 2 is closest to: (Round your Intermediate calculations to 2 decimal places.)