Dog River Company has an operating profit of $$254,500.$ Interest expense for the year was $$21,300$; preferred dividends paid were

$$23,550$; and common dividends paid were $$49,200.$ The tax was $$45,650.$ The Dog River Company has $40,000$ shares of common

stock outstanding.

a$.$ Calculate the EPS and the common dividends per share for Dog River Company. $($Round the final answers to $2$ decimal places.$)$

b$.$ What is the payout ratio? $($Do not round intermediate calculations. Round the final answer to the nearest whole number.$)$

Payout ratio

$\%$

c$.$ What was the increase in retained earnings for the year?

Increase in retained earnings

d$.$ If Dog's share price is $$82\mathrm{.}00$ what is its price$-$earnings ratio $(\frac{P}{E})?($Do not round intermediate calculations. Round the final

answer to $2$ decimal places.$)$

Price earning ratio

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