The following information pertains to Parsons Co.:

Preferred stock, cumulative:

Par per share $100

Dividend rate 8%

Shares outstanding 10,000

Dividends in arrears none

Common stock:

Par per share $10

Shares issued 120,000

Dividends paid per share $2.70

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 $740,000

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