- Your answer is incorrect. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5\%.) Payout ratio % Earnings per share $ Return on common stockholders' equity % The stockholders' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,620 shares of common stock for $32,340. Mar. 20 Purchased 1,250 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15 , payable December 31 , 2017. Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared on December 1. - Your answer is incorrect. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5\%.) Payout ratio % Earnings per share $ Return on common stockholders' equity % The stockholders' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,620 shares of common stock for $32,340. Mar. 20 Purchased 1,250 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15 , payable December 31 , 2017. Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared on December 1