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The following information pertains to Blue Company. Assume that all balance sheet amounts represent average balance figures. Total assets $400000 Stockholders' equity-common 280000 Total stockholders'

The following information pertains to Blue Company. Assume that all balance sheet amounts represent average balance figures. Total assets $400000 Stockholders' equity-common 280000 Total stockholders' equity 282000 Sales revenue 108000 Net income 22000 Number of shares of common stock 6000 Common dividends 6100 Preferred dividends 6600 What is Blue's payout ratio? 13%. 41%. 21%. 27.73%.

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