Wilco company reports the following: Retained Earnings $2,000,000 $1,300,000 Common Stock $500,000 $500,000 Paid-in Capital $3,000,000 $3,000,000 Net Income for year $900,000 $400,000 Divident payout ratio for 2005 was: Wilco company reports the following: Retained Earnings $2,000,000 $1,300,000 Common Stock $500,000 $500,000 Paid-in Capital $3,000,000 $3,000,000 Net Income for year $900,000 $400,000 Divident payout ratio for 2005 was: 22.2% 27% 12% Not determinable