XYZ Corp. is preparing its financial statements for the year ended December 31, 2023. The following information is provided:

• Beginning retained earnings: $100,000
• Net income for the year: $80,000
• Dividends declared and paid during the year: $20,000
• Total revenues for the year: $500,000
• Total expenses for the year: $300,000
• Ending common shares outstanding: 10,000 shares

Requirements:

1. Calculate the ending retained earnings.
2. Determine the earnings per share for the year.
3. Compute the dividend payout ratio.
4. Calculate the profit margin ratio.
5. Determine the price-to-earnings ratio if the current market price per share is $20.
6. Calculate the return on equity (ROE).