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Carla Vista linc. had net income for $2023$ of $$5,364,800.$ The company had $2,160,000$ of common shares outstanding throughout the

year. During $2023,$ Carla Vista paid dividends on the common shares of $$0\mathrm{.}10$ per share. Average common shareholders' equity was

$$31,300,000,$ and the market value of the shares on December $31,2023,$ was $$18$ per share.

Carla Vista Inc. also had $110,000$ cumulative, $$4,$ no par value preferred shares. The shares were outstanding for the full year, and

dividends had been kept current for the past several years.

Calculate the following ratios for Carla Vista Inc:

$($a$)$ Rate of return on equity.

$($b$)$ Payout ratlo.

$($c$)$ Price$-$earnings ratio.

$($Round earnings per share in intermediate calculations to $3$ decimal places, eg$.1\mathrm{.}246$ and final answers to $2$ decimal ploces, eg$.15\mathrm{.}25$ or

$15\mathrm{.}25\%)$

$($a$)$ Rate of return on equity

$\%$

$($b$)$ Payout ratio

$\%$

$($c$)$ Price$-$earnings ratio

times

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