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The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. The following information pertains to Sunland Company. Assume

The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures.

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? O 24.6%. O 9.6%. O 17.9%. O 37.9%

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