The stockholders’ equity accounts of Miley Corporation on January 1, 2014, were

Question

The stockholders’ equity accounts of Miley Corporation on January 1, 2014, were as follows.

During 2014, the corporation had the following transactions and events pertaining to its stockholders’ equity.

I NEED HELP SOLVING FOR THE PAYOUT RATIO, EARNINGS PER SHARE, AND RETURN ON CSE. I've included a partial balance sheet below; let me know if you need more information. If you have steps to solve for these three values, I would really appreciate it!

Preferred Stock (7%, $100 par noncumulative, 5,400 shares authorized) $324,000 Common Stock ($5 stated value, 297,800 shares authorized) 1,191,200 Paid-in Capital in Excess of Par Value—Preferred Stock 12,960 Paid-in Capital in Excess of Stated Value—Common Stock 476,480 Retained Earnings 690,900 Treasury Stock—(5,400 common shares) 43,200 Calculate the payout ratio, earnings per share, and return on common stockholders' equity. other answers to 1 decimal place. 17.596.) Payout ratio Earnings per share Return on common stockholders' equity

Explanation / Answer

net income for the year 279600

- dividend for preffered stock (37800)

net income for common stock 241800

total common stock as on 15 december:

297800+4800-1180 = 301420

dividend declared on common stock 301420*.5 150710

now dividend payout ratio 150710/241800 = 62.33%

earning per share is 241800/301420 = $.8022

return on common equity 241800/2867830 = 8.43%

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