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K Corp's annual report is as follows. March 31, 2023 March 31, 2024 Net Income $358,000 $428,500 Preferred Dividends 0 0 Total Stockholders' Equity $4,290,000

K Corp's annual report is as follows.
March 31, 2023
March 31, 2024
Net Income
$358,000
$428,500
Preferred Dividends
0
0
Total Stockholders' Equity
$4,290,000
$5,142,000
Stockholders' Equity attributable to Preferred Stock
0
0
Number of Common Shares Outstanding
279,000
199,000
Compute the following ratios for 2024:
1. Earnings per share
2. Price/earnings ratio, assuming the market price on December 31, 2024 is $37.50.
3. Rate of return on common stockholders' equity.
Round your final answers two decimal places.

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