Bonita Industries had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 9600 Net income for the year ended 2021 97700 Market price of stock, 12/31/20 9 Market price of stock, 12/31/21 11 Common stockholders’ equity, 12/31/20 1001000 Common stockholders’ equity, 12/31/21 1192000 Outstanding shares, 12/31/21 100300 Preferred dividends for the year ended 2021 14300
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Bonita Industries had the following information in its financial statements for the years ended 2020 and 2021:
| Cash dividends for the year 2021 |
$ 9600 |
| Net income for the year ended 2021 |
97700 |
| Market price of stock, 12/31/20 |
9 |
| Market price of stock, 12/31/21 |
11 |
| Common |
1001000 |
| Common stockholders’ equity, 12/31/21 |
1192000 |
| Outstanding shares, 12/31/21 |
100300 |
| Preferred dividends for the year ended 2021 |
14300 |
What is the payout ratio for Bonita Industries for the year ended 2021?
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