The stockholders' equity accounts of Sheridan Corporation on January $1,2027,$ were as follows.

Preferred Stock $(6\%,$ $$100$ par noncumulative, $5,800$ shares authorized$)$

$$348,000$

Common Stock $($$$4$ stated value, $308,000$ shares authorized$)$

Paid$-$in Capital in Excess of Par Value$-$Preferred Stock

Paid$-$in Capital in Excess of Stated Value$-$Common Stock

Retained Earnings

Treasury Stock $(5,800$ common shares$)$

$985,600$

$17,400$

$492,800$

$705,000$

$46,400$

During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

reb.

Issued $5,800$ shares of common stock for $$34,800.$

Mar. $20$ Purchased $2,800$ additional shares of common treasury stock at $$9$ per share.

Oct. $1$ Declared a $6\%$ cash dividend on preferred stock, payable November $1.$

Nov. $1$ Paid the dividend declared on October $1.$

Dec. $1$

Dec. $31$

Paid the dividend declared on December $1.$

Declared a $$0\mathrm{.}65$ per share cash dividend to common stockholders of record on December $15,$ payable December $31,2027.$

Calculate the payout ratio, earnings per share, and return on common stockholders' equity. $($Note: Use the common shares outstanding on January $1$ and December $31$ to determine the average shares outstanding.$)($Round earning per share to $2$ decimal places, e$.$g$.$ $$2\mathrm{.}66$ and all other answers to $1$ decimal place. $17\mathrm{.}5\%.)$

Payout ratio $\%$

Earnings per share

$

Return on common stockholders' equity $\%$