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The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 6% Shares outstanding 10,000 Dividends in arrears none

The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share $100 Dividend rate 6% Shares outstanding 10,000 Dividends in arrears none Common stock: Par value per share $10 Shares issued 120,000 Dividends paid per share $1.80 Market price per share $48.00 Additional paid-in capital $400,000 Unappropriated retained earnings (after closing) $270,000 Retained earnings appropriated for contingencies $300,000 Common treasury stock: Number of shares 10,000 Total cost $250,000 Net income $500,000 Instructions Compute (assume no changes in balances during the past year):

(a) Total amount of stockholders' equity in the balance sheet

(b) Earnings per share of common stock

(c) Book value per share of common stock

(d) Payout ratio of common stock

(e) Return on common stock equity

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