Calculate the payout ratio, earnings per share, and return on common stockholders equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%.)

The stockholders equity accounts of Monty Corp. on January 1, 2017, were as follows.

Preferred Stock (6%, $100 par noncumulative, 4,900 shares authorized)		$294,000
Common Stock ($3 stated value, 335,000 shares authorized)		837,500
Paid-in Capital in Excess of Par ValuePreferred Stock		14,700
Paid-in Capital in Excess of Stated ValueCommon Stock		536,000
Retained Earnings		695,000
Treasury Stock (4,900 common shares)		39,200

During 2017, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 5,310 shares of common stock for $37,170.
Mar.	20		Purchased 1,300 additional shares of common treasury stock at $9 per share.
Oct.	1		Declared a 6% cash dividend on preferred stock, payable November 1.
Nov.	1		Paid the dividend declared on October 1.
Dec.	1		Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017.
Dec.	31		Determined that net income for the year was $278,600. Paid the dividend declared on December 1.

Your answer is partially correct. Try again. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%.) Payout ratio 69.9 % Earnings per share X Return on common stockholders' equity % Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR