Find the payout ratio, earnings per share, and return on common stockholders equity.(last picture)
7.5/10 Question 1 of 3 il Show Attempt History Current Attempt in Progress The stockholders' equity accounts of Riverbed Corp on January 1, 2022 were as follows. Preferred Stock (7%, $100 par noncumulative, 15.000 shares authorized) Common Stock ($4 stated value, 900,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (15,000 common shares) $900,000 3,000,000 45,000 1440,000 2,064,000 120,000 Feb. During 2022, the corporation had the following transactions and events pertaining to its stockholders equity. Issued 15,000 shares of common stock for $90,000. Purchased 3,000 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock payable November 1. Paid the dividend declared on October 1, Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Determined that net income for the year was $820.000. Paid the dividend declared on December 1. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account cities and enter for the amounts. Round answers to decimal places, eg 5,275) Account Titles and Explanation Debit Credit Cath 90000 Pald-in Capital in Excess of Stated Value-Common Stock 30000 Common Stock 60000 Treasury Stock 21000 Cash 21000 Cash Dividends 63000 Dividends Payable 63000 Dividends Payable 63000 Cash 63000 Cash Dividends 373500 Dividends Payable 373500 Income Summary B20000 820000 Retained Earnings (To record net income) Retained Earnings 436500 436500 Cash Dividends (To cose cash dividends) Dividends Payable > 373500 Cash 373500 (To record payment of cash dividends payable) Attempts: 1 of 3 used and zero for the amount) Preferred Stock 1/1 Bat 900000 12/31 Bal 900000 Common Stock 1/1 Bal 3000000 2/1 60000 12/31 Bal v 3060000 Paid-in Capital in Excess of Par Value-Preferred Stock 1/1 45000 12/31 Bal 45000 Paid-in Capital in Excess of Stated Value-Common Stock 1/1 Bal V 1440000 211 30000 1470000 12/31 Bal Retained Earnings 12/31 436500 1/1 Bal 2064000 12/31 820000 12/31 Bal 247500 Cash Dividends 10/1 63000 12/31 436500 12/1 373500 V 12/31 Ball 0 Treasury Stock 1/1 Bal 120000 3/20 V 21000 12/31Bally 141000 Attempts: 2 of 3 used Prepare the stockholders equity section of the balance sheet at December 31, 2022. RIVERBED CORP Partial Balance Sheet December 31, 2022 900000 3060000 $ 3960000 Capital Excess of Par Value-Preferred Stock 45000 Excess of Stated Value-Common Stock 1470000 sid-in Capital 1515000 al 5475.000 2047500 and Retained Earnings 7922500 Bury Stock 141000 1 l'Equity 7781500 Attempts: 2 of 3 used RIVERBED CORP Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 900000 Common Stock 3060000 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock 45000 Paid-in Capital in Excess of Stated Value-Common Stock 1470000 Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Pald-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity Attempts: 2 of 3 us (d) Calculate the payout ratio, earnings per share, and return on common stockholders equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) (Round answers to 2 decimal places, 17.50% Payout ratio Earnines per share Return on common stockholders' equity $ Lintsaed seconds ago Attempts: 0 of 3 3 used SA