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The following information pertains to Skysong Company. Assume that all balance sheet amounts represent average balance figures.
Total assets
$320000
Stockholders' equity-common
200000
Total stockholders' equity
298000
Sales revenue
114000
Net income
20400
Number of shares of common stock
6000
Common dividends
4500
Preferred dividends
7600
What is Skysong's payout ratio?
(Stock dividends and Stock splits) The debt and equity section of the TOTAL Group balance sheet is shown here (in million euros).
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