2024 $ 2023 Income Statement-partial: $ 12,960 $ 20,000 Net Income Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ 280,000 $ 285,000 Total Assets Paid-In Capital: 182,000 $ 182,000 Preferred Stock-3%, $13 Par Value; 40,000 shares $ authorized, 14,000 shares issued and outstanding Common Stock-$2 Par Value; 45,000 shares 30,000 30,000 authorized; 15,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common 15,000 15,000 52,500 45,000 Retained Earnings 279,500 $ 272,000 Total Stockholders' Equity Requirements 1. Compute Gullo Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. 2. Compute Gullo Company's price/earnings ratio for 2024. Assume the company's market price per share of common stock is $7. Round to two decimals. 3. Compute Gullo Company's rate of return on common stockholders' equity for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest whole percent. Requirement 1. Compute Gullo Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) = Earnings per share Requirement 2. Compute Gullo Company's price/earnings ratio for 2024. Assume the company's market price per share of common stock is $7. Round to two decimals. Select the formula, then enter the amounts to calculate the company's price/earnings ratio for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) + = Price/earnings ratio Requirement 3. Compute Gullo Company's rate of return on common stockholders' equity for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest whole percent. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ) Rate of return on common SE %