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The following information pertains to Skysong Supply Company. Assume that all balance sheet amounts represent average balance figures. Total assets $340000 Stockholders' equity-common 170000

The following information pertains to Skysong Supply Company. Assume that all balance sheet amounts represent average balance figures. Total assets $340000 Stockholders' equity-common 170000 Total stockholders' equity 238000 Sales revenue 102000 Net income 25500 Number of shares of common stock 7610 Common dividends 5610 Preferred dividends 3610 What is Skysong Supply's payout ratio?

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