The following information has been gathered for Malette Manufacturing:

Net income	$5,000,000
Interest expense	400,000
Average total assets	60,000,000
Preferred dividends	400,000
Common dividends	$1,200,000
Average common shares outstanding	800,000 shares
Average common stockholders' equity	$20,000,000
Market price per common share	$40

Assume that the firm has no common stock equivalents. The tax rate is 34%.

Required:

1. Compute the return on assets. Round your answer to three decimal places.

2. Compute the return on common stockholders' equity. Round your answer to two decimal places.

3. Compute the earnings per share. Round your answer to two decimal places. $ per share

4. Compute the price-earnings ratio. Round your answer to two decimal places.

5. Compute the dividend yield. Round your answer to four decimal places.

6. Compute the dividend payout ratio. Round your answer to two decimal places.