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Vaughn Manufacturing had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 10200

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Vaughn Manufacturing had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 10200 Net income for the year ended 2021 93000 Market price of stock, 12/31/20 9 Market price of stock, 12/31/21 11 Common stockholders' equity, 12/31/20 1578000 Common stockholders' equity, 12/31/21 1975000 Outstanding shares, 12/31/21 166000 Preferred dividends for the year ended 15100 2021 What is the payout ratio for Vaughn Manufacturing for the year ended 2021? O 13.1% 18.2% 0 11.0% 16.2%

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