The stockholders' equity accounts of Wildhorse Corporation on January 1, 2027, were as follows. Preferred Stock (6%, $100 par noncumulative, 5.100 shares authorized) Common Stock ($4 stated value, 301,000 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 (5,100 common shares) Feb. 1 Issued 5,100 shares of common stock for $30,600. Mar. 20 Oct. 1 Nov. 1 Paid the dividend declared on October 1. Dec. 1 (d) During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Dec. 31 Paid the dividend declared on December 1. $306,000 963,200 Payout ratio Purchased 2,100 additional shares of common treasury stock at $9 per share. Declared a 6% cash dividend on preferred stock. payable November 1. 481,600 Earnings per share 15,300 692,000 40,800 Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Return on common stockholders' equity 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. $2.66 and all other answers to 1 decimal place. 17.5%.) % %