On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. During 2020 , the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $13 per share. May 15 Reacquired 2,000 common shares at a market price of $16 per share. Nov. 15 Reissued 1,000 shares held in treasury at a price of $19 per share. Dec. 31 Determined that net income for the year was $366,000. Your answer is incorrect. Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 2 decimal places, e.g. 52.75%.) Payout ratio % Return on common stock equity ratio %