During a recent period, the fast$-$food chain Wendy's International purchased many treasury shares. This caused the number of shares

outstanding to fall from $124$ million to $105$ million. The following information was drawn from the company's financial statements $($in

millions$).$

Use the information provided to answer the following questions.

Your answer is correct.

Compute earnings per share, return on common stockholders' equity, and return on assets for both years. $($Round earnings per

share to $2$ decimal places, e$.$g$.15\mathrm{.}12$ and all other answers to $1$ decimal place, e$.$g$.15\mathrm{.}2\%.)$

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$($b$1)$

Compute the dividend payout ratio. Also compute the average cash dividend paid per share of common stock $($dividends paid

divided by the average number of common shares outstanding$).($Round payout ratio to $1$ decimal place, e$.$g$.15\mathrm{.}1\%$ and all other

answers to $2$ decimal places, e$.$g$.15\mathrm{.}24.)$