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The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures. Total assets $330000 Stockholders' equity-common 210,000 Total stockholders'
The following information pertains to Windsor Company. Assume that all balance sheet amounts represent average balance figures.
Total assets $330000
Stockholders' equity-common 210,000
Total stockholders' equity 298,000
Sales revenue 110,000
Net income 20,600
Number of shares of common stock 7,500
Common dividends 4,700
Preferred dividends 8,300
What is Windsor's payout ratio?
8%.
22.82%.
16%.
36%.
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