Wildhorse Co. had net income of $163600 and paid dividends of $45500 to common stockholders and $22500 to preferred stockholders in 2020. Wildhorse Ca's common stockholders' equity at the beginning and end of 2020 was $860000 and $1030000, respectively. Wildhorse Co.'s payout ratio for 2020 was 43.45% 27.81% 4.55% 14.85%