Answer:
25%
Step-by-step explanation:
We are given the following values from the question as follows;
net income = $1,600,000
Paid divided = $320,000
Average shares = 500,000 shares
Common stock = $50
To calculate the corporation payout ratio for 2017 we use the following method.
(=$400,000/$1,600,000)× 100%
=0.25×100%
=25%