LO7. How do we use stockholders' equity ratios to evaluate business performance? Use the following information for ABC Company to calculate the EPS, price/earnings ratio, and return on common stockholders' equity: a. Net Income $10,000 Preferred Dividends $2,000 Average Common Stockholders' Equity $300,000 Number of Common Shares Outstanding 20,000 shares i) What is earnings per share? ii) Wha t is price/earnings ratio assuming the market price is $2 per share? ii) What is rate of return on common stockholders' equity (take percentage to 2 decimal places)