The following information is from the annual report of Smith Company for the years 2018 and 2019. 2019 2018 Earnings per share $ 1.08 $ 1.14 Cash dividends per common share $ 0.80 $ 0.76 $ 12.94 $ 15.19 Market price per common share Common shares outstanding 25,316,000 25,380,000 $1,264,086,000 Total assets $1,173,924,000 Total liabilities $ 823,758,000 $ 742,499,000 Nonredeemable preferred stock $ 16,600,000 $ 16,600,000 Preferred dividends $ 4,567,000 $ 930,000 Net income $ 32,094,000 $ 31,049,000 Required: a. Based on these data above, compute the following for 2019 and 2018: 1. Percentage of earnings retained 2. Price / earnings ratio 3. Dividend payout 4. Dividend yield 5. Book value per share b. Discuss your findings from the viewpoint of a potential investor. Ideally, which of these ratios will indicate the highest return for an individual firm? Select one: O a. Return on common equity O b. Return on assets O c. Return on total equity O d. Return on investment