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). Year After Purchase of Treasury Stock Information for the Information for the Year Before Purchase of Treasury Stock Net income $193.6 $123.4 Total assets Average total assets 2,076.0 1,837.9 2,016.9 1,889.8 Total common stockholders' equity 1,029.8 1,068.1 Average common stockholders' equity 1,078.0 1,126.2 Total liabilities 1,046.3 769.9 Average total liabilities 939.0 763.7 Interest expense 30.2 19.8 Income taxes 113.7 84.3 Cash provided by operations 305.2 233.8 Cash dividends paid on common stock 26.8 31.0 Preferred stock dividends 0 0 Average number of common shares outstanding 109.7 119.9 Use the information provided to answer the following questions. (a1) 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. 15.12 and all other answers to 1 decimal place, e.g. 15.2%.) Earnings per share Return on common stockholders' equity Return on assets Year Ended After Purchase of Treasury Stock Before Purchase of Treasury Stock $ 1.76 $ 103 18 % 11 % 9.6 % 6.5 % (b1) Your answer is correct. 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. 15.1% and all other answers to 2 decimal places, e.g. 15.24.) Payout ratio Average cash dividend paid per share eTextbook and Media After Purchase of Treasury Stock Year Ended Before Purchase of Treasury Stock 13.8 % 25.1 % 24 $ .26 Attempts: 1 of 3 used (C1) Compute the debt to assets ratio and times interest earned. (Round answers to 1 decimal place, e.g. 15.2 or 15.2%.) Debt to assets ratio Times interest earned Year Ended After Purchase of Treasury Stock Before Purchase of Treasury Stock % % times times