EPS, P/E Ratio, and Dividend Ratios The Stockholders' Equity section of the balance sheet for Balla Enterprises at the end of 2016 appears as follows: Net income for the year was $1,260,000. Dividends were declared and paid on the preferred shares during the year, and a quarterly dividend of $0.40 per share was declared and paid each quarter on the common shares. The closing market price for the common shares on December 31,2016, was $24.85 per share. Required: 1. Compute the following ratios for the common stock: When required, round earnings per share and price/earnings ratio answers to two decimal places. For dividend payout and dividend yield ratios, round raw calculations to 4 decimal places, but enter each answer as a percentage to two decimal places; for example, 17856 rounds to .1786 and would be entered as 17.86, indicating 17.86%. 2. Before recommending the stock of Balla to a client, as a financial adviser, you would like to know