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The following information is available for Crane Enterprises: 2014 2013 Current liabilities $168,000 $196,000 Long-term liabilities 272,000 336,000 Common stockholders' equity 732,000 880,000 Preferred stockholders

The following information is available for Crane Enterprises:

2014

2013

Current liabilities

$168,000

$196,000

Long-term liabilities

272,000

336,000

Common stockholders' equity

732,000

880,000

Preferred stockholders equity

108,000

108,000

Dividends paid to common stockholders

38,400

33,600

Dividends paid to preferred stockholders

31,520

9,600

Interest expense

20,000

16,800

Net income

96,000

160,000

Income tax expense

34,000

43,200

Net sales

4,760,000

4,960,000

Common shares outstanding

64,000

59,200

Calculate each of the following for 2014. (Round last four answers to 1 decimal place, e.g. 527.5.)

Payout ratio for 2014

enter the payout ratio for 2014 in percentages %

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