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%.) I've included a completed balance sheet; let me know if any other values are needed to compute these three values.

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

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 ValuePreferred Stock		12,960
Paid-in Capital in Excess of Stated ValueCommon Stock		476,480
Retained Earnings		690,900
Treasury Stock(5,400 common shares)		43,200

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

Feb. 1		Issued 4,800 shares of common stock for $33,600.
Mar. 20		Purchased 1,180 additional shares of common treasury stock at $8 per share.
Oct. 1		Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1		Paid the dividend declared on October 1.
Dec. 1		Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2014.
Dec. 31		Determined that net income for the year was $279,600. Paid the dividend declared on December 1.

? (c) Your answer is correct Prepare the stockholders' equity section of the balance sheet at December 31, 2014 MILEY CORPORATION Partial Balance Sheet December 31, 2014 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 324,000 Common Stock 1,215,200 Total Capital Stock 1,539,200 Additional Paid-in Capital Paid-in Capital in Exces Paid-in Capital in Exces Total Additional Paid-in Capital 12,960 486,080 499,040