Gullo Company reported these figures for 2018 and 2017:

Requirement 1: Compute Gullo Companys earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent.

Select the formula, then enter the amounts to calculate the companys earnings per share for 2018. (Abbreviations used. Ave= average, OS = outstanding, SE= stockholders equity, shrs= shares.)

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Requirement 2. Compute Gullo Companys price/earnings ratio 2018. Assume the companys market price per share of common stock is $8. Round two decimals. Select the formula, then enter the amounts to calculate the companys price/earnings ratio 2018 (Abbreviations used : Ave= average, OS=outstanding, SE= stockholders equity, shrs= shares)

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Requirement 3: Compute Gullo Companys rate of return on common stockholders equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole precent. Select the formula, then enter the amounts to calculate the companys rate on common stockholders equity for 2018. ( Abbreviations used Ave=average, OS= outstanding, SE=stockholders equity, shrs=shares

i Data Table 2018 2017 Income Statement-partial: Net Income 34,800 $ 17,000 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: Total Assets Paid-In Capital: 280,000 5 200,000 Preferred Stock-6%, $10 Par Value, 90,000 shares $ 80,000 $ 80,000 authorized, 8,000 shares issued and outstanding Common Stock-$1 Par Value; 75,000 shares 60,000 60,000 authorized; 60,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common 10,000 65,000 215,000 $ 10,000 35,000 185,000 Retained Earnings Total Stockholders' Equity Requirements 1. Compute Gullo Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. 2. Compute Gullo Company's price/earnings ratio for 2018. Assume the company's market price per share of common stock is $8. Round to two decimals 3. Compute Gullo Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent. Earnings per share Ave. common SE Ave. # common shrs OS Average total assets Net income Preferred dividends Pricelearnings ratio Ave common SE Ave. # common shrs OS Average total assets Earnings per share Market price per share Net income Preferred dividends Rate of return on common SE = 9% Rate of Ave. common SE Ave. # common shrs OS Average total assets Market price per share Net income Preferred dividends