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Oriole Inc. had net income for 2 0 2 4 of $ 2 , 2 2 0 , 0 0 0 . The company had

Oriole Inc. had net income for 2024 of $2,220,000. The company had 770,000 of common shares outstanding throughout the year. During 2024, Oriole paid $0.05 dividends per common shares. The average common shareholder equity was $9,047,500, and the market value of the shares on December 31,2023 was $8 per share.
Oriole Inc. also had 280,000 shares 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 for Oriole Inc.: (Round answers to 2 decimal places, e.g.25.15 or 25.15%.)
(a) Rate of return on common shareholders' equity
%
(b) Payout ratio
(c) Price earnings ratio
times
(d) Book value per share pershare
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List of Accounts
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