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Windsor, Inc. had net income of $100000 and paid dividends of $27300 to common stockholders and $19000 to preferred stockholders in 2020. Windsor, Inc.'s common

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Windsor, Inc. had net income of $100000 and paid dividends of $27300 to common stockholders and $19000 to preferred stockholders in 2020. Windsor, Inc.'s common stockholders' equity at the beginning and end of 2020 was $455000 and $580000, respectively. Windsor, Inc.'s payout ratio for 2020 is 22.30%. O 7.30% 47.30% 27.30%

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