On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 65,000 shares issued and outstanding) Paid-in Capital in Excess of Par--Common Stock Retained Earnings $650,000 480.000 635,000 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 $14 per share. May 15 Reacquired 2,200 common shares at a market price of $16 per share. Nov. 15 Reissued 1,100 shares held in treasury at a price of $19 per share. Dec 31 Determined that net income for the year was $376,000 (6) Calculate the payout ratio and the return on common stockholders equity. (Round answers to 2 decimal places, eg, 52.75%) X Payout ratio x Return on common stock equity ratio