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Current Attempt in Progress The stockholders'equity accounts of Ayayai Corp.on January 1, 2022, were as follows. $150,000 Preferred Stock (7%, $100 par noncumulative, 2,500 shares
Current Attempt in Progress The stockholders'equity accounts of Ayayai Corp.on January 1, 2022, were as follows. $150,000 Preferred Stock (7%, $100 par noncumulative, 2,500 shares authorized) Common Stock ($4 stated value, 150,000 shares authorized) 500,000 Paid-in Capital in Excess of Par Value-Preferred Stock 7.500 Paid-in Capital in Excess of Stated Value-Common Stock 240,000 Retained Earnings 344.000 Treasury Stock (2.500 common shares) 20.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'equity. Feb. 1 Issued 2,500 shares of common stock for $15,000. Mar. 20 Purchased 500 additional shares of common treasury stock at $7 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, 2 31 Determined that income for the year was $140,000. Paid the dividend declared on December 1, Your answer is incorrect. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round answers to 2 decimal places, e.g. 15.25.) Payout ratio 44.46 % Earnings per share ta 1.09 Return on common stockholders' equity 12.16 % e Textbook and Media List of Accounts
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