David's Magic Stores has an operating profit of $240,000. Interest expense for the year was $36,000 preferred dividends paid were $33,500, and common dividends paid were $54,000. The tax was $53,400 David's Magic Stores has 24,000 shares of common stock outstanding 6. Calculate the EPS and the common dividends per share for David's Magic Stores (Round the final answers to 2 decimal places.) EPS Connon dividends per shore % b. What is the payout ratio? (Do not round Intermediate calculations. Round the final answer to 2 decimal places.) Payout ratio c. What was the increase in retained earnings for the year? Increase in retained earnings $ d. If David's share price is $94.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio times