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Which of the following... The following information pertains to Slush Fund Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000

Which of the following...

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The following information pertains to Slush Fund Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000 $150,000 Stockholders' equity-common Total stockholders' equity $200,000 Sales $100,000 Net income $25,000 $6,000 Number of shares of common stock $6,000 Common stock dividends $4,000 Preferred stock dividends What is the payout ratio for Slush Fund? 40% 16% 24% 6%

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