The stockholders' equity accounts of Sheffield Corp. on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,550 shares authorized) $273,000 Common Stock ($5 stated value, 301,000 shares authorized) 1,254,166 Paid-in Capital in Excess of Par Value-Preferred Stock 13,650 Paid-in Capital in Excess of Stated Value-Common Stock 481,600 Retained Earnings 688,000 Treasury Stock (4,550 common shares) 36,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,640 shares of common stock for $27,840. Mar. 20 Purchased 1,800 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31 Determined that net income for the year was $278,800. Paid the dividend declared on December 1. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%.) Payout ratio Earnings per share Return on common stockholders' equity 10.6 ol eTextbook and Media List of Accounts