Happy Place Travels has an operating profit of $$250,000.$ Interest expense for the year was $$28,000$; preferred dividends paid were

$$30,000$; and common dividends paid were $$61,000.$ The tax was $$52,000.$ Happy Place Travels has $41,000$ shares of common stock

outstanding.

a$.$ Calculate the EPS and the common dividends per share for Happy Place Travels. $($Round the final answers to $2$ decimal places.$)$

b$.$ What is the payout ratio? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

Payout ratio

$\%$

c$.$ What was the increase in retained earnings for the year?

Increase in retained earnings

$

d$.$ If Happy's share price is $$80\mathrm{.}00$ what is its price$-$earnings ratio $($P$/$E$)?($Do not round intermediate calculations. Round the final

answer to $2$ decimal places.$)$

Price earning ratio

times