PLEASE SAVE YOUR PROGRESS REGULARLY PLEASE DO NOT INCLUDE $ SIGNS (OR OTHER CHARACTERS) IN YOUR NUMERIC RESPONSES Capital Power reported the following items (all in $) on its December 31st balance sheet: 2020 2019 Cash and cash equivalents $ 367 $ 248 Preferred shares 953 953 Common stock 2,512 2,488 Retained earnings (deficit) (474) (347) On December 31, 2020, Capital Power common shares were trading at $34.49 per share. For the year ended December 31st, Capital Power reported the following: 2020 2019 Net income $ 130 $ 119 Weighted avg. number of common shares 105 104 Common share dividends $ 209 $ 195 Preferred share dividends $ 52 $ 48 Required 1: Based on the information provided, do you agree with Capital Power's decision to declare dividends in 2020? Explanation: Required 2: No. Capital Power does not have enough cash and retained earnings. Yes. Capital Power has enough cash and retained earnings. Calculate Car No. Capital Power has enough cash, but not enough retained earnings. INCLUDE THE % SIGN IN YOUR RESPONSE. or 2020. Please state your final answer as a percentage and round to two decimal places. DO NOT Return on Common Shareholders' Equity: % Required 2: Calculate Capital Power's return on common shareholders' equity ratio for 2020. Please state your final answer as a percentage and round to two decimal places. DO NOT INCLUDE THE % SIGN IN YOUR RESPONSE. Return on Common Shareholders' Equity: % Supporting Work: Required 3: Calculate Capital Power's price earnings ratio for 2020. Please round to two decimal places. Price Earnings Ratio: Supporting Work