Exercise 10-78 Ratio Analysis Consider the following information, Stock price Common dividends Preferred dividends 2019 preferred stock 2019 total stockholders' equity Purchases of treasury stock Required: $55/share $765,000 $238,800 $6,162,000 $28,435,000 $120,000 Avg. common shares outstanding Dividends per common share Net income 2018 preferred stock 2018 total stockholders' equity 850,000 $0.90/share $15,485,000 $5,299,000 $25,483,000 1. Calculate the stockholder payout ratios. (Note: Round answers to three decimal places.)