Nikos Company paid cash dividends of €210,000 and reported net income of €620,000.Its average ordinary shareholders' equity is €2,000,000 and it has 200,000 ordinary shares outstanding.Preference dividends of €100,000 were declared and paid during the period.The payout for the Nikos Company is approximately:
A) 40%.
B) 50%.
C) 34%.
D) Cannot be determined based on the information provided.
Correct Answer:
Verified
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