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Question 7 of 12 0.73/1 E Current Attempt in Progress The stockholders' equity accounts of Swifty Corporation on January 1, 2022 were as follows. $660,000

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Question 7 of 12 0.73/1 E Current Attempt in Progress The stockholders' equity accounts of Swifty Corporation on January 1, 2022 were as follows. $660,000 2.200.000 33,000 Preferred Stock (7% $100 par noncumulative, 11,000 shares authorized) Common Stock (S4 stated value, 660,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11.000 common shares) 1.056,000 1,513,600 88,000 During 2022. the corporation had the following transactions and events pertaining to its stockholders equity Feb. 1 Mar 20 Oct 1 Issued 11,000 shares of common stock for $36,000 Purchased 2,200 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock payable November 1. Paid the dividend declared on October 1. Declared a $0,50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Determined that net income for the year was $616.000 Paid the dividend declared on December 1, Nov. 1 Dec 1 Dec 31 X Your answer is incorrect Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round answers to 2 decimal places, eg. 15.25) 53.18 % Payout ratio Earnings per share 0.86 Return on common stockholders' equity 9.65 e Textbook and Media List of Accounts

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