The Stockholders' Equity section of the balance sheet for Balla Enterprises at the end of 2017 appears as follows: $5,000,000 8%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding Additional paid-in capital on preferred Common stock, $5 par, 500,000 shares authorized, 400,000 shares issued and outstanding 2,500,000 2,000,000 Additional paid-in capital on common 18,000,000 37,500,000 Retained earnings Total stockholders' equity $65,000,000 Net income for the year was $1,375,000. Dividends were declared and paid on the preferred shares during the year, and a quarterly dividend of $0.55 per share was declared and paid each quarter on the common shares. The closing market price for the common shares on December 31, 2017, was $24.55 per share. Required: 1. Compute the following ratios for the common stock: When required, round earnings per share and price/earnings ratio answers to two decimal places. For dividend payout and dividend yield ratios, round raw calculations to 4 decimal places, but enter each answer as a percentage to two decimal places; for example, .17856 rounds to .1786 and would be entered as 17.86, indicating 17.86%. a. Earnings per share 2.08 b. Price/earnings ratio 11.49 X to 1 c. Dividend payout ratio 26.51 X % d. Dividend yield ratio 2.31 X %