NovakInc. had net income for 2021 of $2,180,000. The company had770,000of common shares outstanding throughout the year. During 2021,Novakpaid $0.05dividends per common shares. The average common shareholder equity was $8,778,000, and the market value of the shares on December 31, 2020 was $8per share.

NovakInc. also had290,000shares outstanding of cumulative, $3, no-par value preferred shares. The shares were outstanding for the full year, and dividends had been paid in all previous years.

Calculate the following ratios forNovakInc., and round answers to 2 decimal places:

1. Rate of return on common shareholders' equity:
2. Payout ratio:
3. Price earnings ratio:
4. Book value per share: