Ringtone Inc. has the following selected financial data: F F 2023 2022 Net income Total assets $ 720,000 $ 5,136,000 Preferred shares, cumulative 600,000 Common shares 350,000 Retained earnings 2,786,000 680,000 4,525,000 600,000 350,000 2,190,000 Accumulated other comprehensive income 145,000 Total shareholders' equity 3,881,000 3,270,000 Cash dividends paid in the year 124,000 Market price of common shares 97.46 Weighted average number of common shares 80,000 170,000 64.33 80,000 Dividend rate on preferred shares 4% There were no preferred dividends in arrears. Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or work areas as indicated. 130,000 F (a) Calculate the following ratios for 2023. (1) Rate of return on common shareholders' equity Average common shareholders' equity Preferred dividends Rate of return on common shareholders' equity (2) Payout ratio Payout ratio (3) Price earnings ratio Earnings per share Price earnings ratio (3) Book value Book value per share (4) Rate of return on total assets (b) Rate of return on total assets Is Khalid Inc. trading on the equity? Because Khalid's exceeds its the company is times