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The following information pertains to Cheyenne Company. Assume that all balance sheet amounts represent average balance figures. Total assets$345000 Stockholders' equity-common225000 Total stockholders' equity273000 Sales

The following information pertains to Cheyenne Company. Assume that all balance sheet amounts represent average balance figures. Total assets$345000 Stockholders' equity-common225000 Total stockholders' equity273000 Sales revenue118000 Net income20900 Number of shares of common stock8000 Common dividends5000Preferred dividends8300 What is whispering's payout ratio? a)23.92%. b)17%. c)9%. d)37%.

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