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Goran Enterprises common shares are trading for $25.50 per share. The company's dividend payment during...

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Accounting

Goran Enterprises common shares are trading for $25.50 per share. The company's dividend payment during the most recent fiscal year was $1.50 per share. The company's net income after tax for the year was $1,250,000 and the company has no preferred shares outstanding. The company does have 180,000 common shares outstanding. What is Ivan Enterprises' dividend payout ratio?

a.40.0%

b.21.6%

c.78.4%

d.5.88%

e.83.2%

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