what is the payout ratio and return on common stockholders equity

round percentage to 1 decimal place

On January 1, 2022, Flint Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 74,500 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $745,000 489,500 695,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $12 per share. Issued the shares for the stock dividend. Declared a $0.70 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $369,000. May 15 Dec 1 Dec 31 Common Stock 1/1 Bal. 745000 5/15 74500 12/31 Bal. 819500 Retained Earnings 12/31 89400 1/1 Bal. 695000 12/31 102065 12/31 369000 12/31 Bal. 872535 Paid-in Capital in Excess of Par Value 1/1 Bal. 489500 4/15 14900 12/31 Bal. 504400 Cash Dividends 1/15 44700 12/31 102065 12/1 V 57365 12/31 Bal. 0 Common Stock Dividends Distributable 5/15 74500 4/15 74500 12/31 Bal. Stock Dividends 4/15 89400 12/31 89400 12/31 Bal FLINT CORPORATION Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Common Stock $ 819500 Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock 504400 Total Paid-in Capital 1323900 Retained Earnings 872535 Total Stockholders' Equity $ 2196435 X Your answer is incorrect, Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimal place, es, 12.5%) Payout ratio 51.9 Return on common stockholders' equity %