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The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $355000 Stockholders' equity-common 235000 Total stockholders'

The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $355000 Stockholders' equity-common 235000 Total stockholders' equity 294000 Sales revenue 97000 Net income 21100 Number of shares of common stock 6000 Common dividends 5200 Preferred dividends 8500 What is Sunland's payout ratio?

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