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The stockholders’ equity accounts of Cyrus Corporation on January 1, 2017, were as follows. Preferred Stock...

The stockholders’ equity accounts of Cyrus Corporation on January 1, 2017, were as follows.

Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) $300,000
Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000
Paid-in Capital in Excess of Par Value—Preferred Stock 15,000
Paid-in Capital in Excess of Stated Value—Common Stock 480,000
Retained Earnings 688,000
Treasury Stock (5,000 common shares) 40,000


During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity.

Feb. 1 Issued 5,000 shares of common stock for $30,000.
Mar. 20 Purchased 1,000 additional shares of common treasury stock at $7 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 $0.5 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 $280,000. Paid the dividend declared on December 1.

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 enter payout ratio in percentages rounded to 1 decimal place

%
Earnings per share $enter earnings per share in dollars rounded to 2 decimal places

Return on common stockholders’ equity
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Answer #1

Ancur Cabcuare tio vidend Payout Yatio= Net income where Dividend,a00,000$4), 5,000 +5,000-1,000 ) x40.5 = (as0000- s000 45,0Net income- pelenddividurd shares number d shere Net income at0,000 Prefead dividand$300,000X 21,000 pening common siock+ do3 0,000-a1000 hone 24000 shore au,o00 d50 shaxc chaye aining Retn on Common sdockholdut Net income-prefevıd dividund Retesn o2,1a8,000a,5a50 1300 షినిం 6450 Now mhoitil values in 880000-a000 XI00 Rater on common stockholdu , 06,50 a59,000 2,206,750 =

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