Name:
5)	Thefollowing information has been reported with respect to XYZ Corporation.
		2018		2017
	Net income	$ 110,000		$ 100,000
	Dividends on preferred stock	$ 30,000		$ 30,000
	Dividends on common stock	$ 25,000		$ 20,000
	Weighted-average number of common shares outstanding	45,000		50,000
	Common shareholders' equity, beginning of year	$ 750,000		$ 600,000
	Common shareholders' equity, end of year	$ 800,000		$ 750,000
	Computethe following for each year: (a) payout ratio (b) return on common shareholders' equity
		2018		2017
(a)	Payout ratio
(b)	Return on common shareholders' equity