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The following information pertains to Sheridan Company. Assume that all balance sheet amounts represent average balance figures. Total assets $325000 stockholders' equity-common 205000 Total stockholders

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The following information pertains to Sheridan Company. Assume that all balance sheet amounts represent average balance figures. Total assets $325000 stockholders' equity-common 205000 Total stockholders equity 267000 Sales revenue 96000 Net income 20500 Number of shares of common stock 7500 Common dividends 4600 Preferred dividends 8500 What is Sheridan's payout ratio? 7%. 16%. 22.44%. 36%

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