During a recent period, the fast-food chainWendy's Internationalpurchased 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).

( 21 ) 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. J. 15. 12 and all other answers to I decimal place, E . J. 15. 29/0 .)| Year ended After Purchase of Before Purchase Of Treasury Stock Treasury Stock Earnings PER Share* Return on common stockholders " Equity Return on 25SETS( 61 ) 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.J. 15. 1 9'd and all other answers to 2 decimal places, E.J. 15. 24.) Year Ended After Purchase of Before Purchase Of Treasury Stock Treasury Stock Payout ratio AVERAGE Cash dividend paid PER Share{:1} Compute the debt to assets ratio and times interest earned. (Round answers to 1 decimai place, eg. 15.2 or 15.2%. J Year ended After Purchase of Before Purchase of Treasury Stud: Treasury Stuck Debt to assets ratio \"in EH: Times interest earned times times Information for the Information for the Year after Year before Purchase Purchase of Treasury Stock of Treasury Stock Net income $193.6 $ 123.4 Total assets 2,076.0 1,837.9 Average total assets 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