The following information pertains to Parsons Co.:

Preferred stock, cumulative:

Par value per share $100

Dividend rate 8%

Shares outstanding 10,000

Dividends in arrears none

Common stock:

Par value per share $10

Shares issued 125,000

Dividends paid per share $2.10

Market price per share $47.50

Additional paid-in capital $510,000

Unappropriated retained earnings (after closing) $270,000

Retained earnings appropriated for contingencies $310,000

Common treasury stock:

Number of shares 10,000

Total cost $240,000

Net income $616,000

.

Compute (assume no changes in balances during the past year): (Round per share and ratios to 2 decimal places, e.g. $15.25 or 15.25%.)

.

a)Total amount of stockholders' equity in the balance sheet	$3,100,000	correct
b)Earnings per share of common stock	$4.66 per share	correct
c)Book value per share of common stock	$16.09 per share	wrong
d)Payout ratio of common stock	45.06%	correct
e)Return on common stock equity	28.97%	wrong

I can't figure out why they are wrong. The rounding maybe.