Computing Stockholders' Equity Ratios The following information is provided for ABC Retail Inc. Shareholders' Equity Preferred stock, $50 par* Dec. 31 $2,440,000 Common stock, $1 par ** 640,000 Paid-in capital in excess of par 160,000 Retained earnings 28,584,000 Total shareholders' equity $31,824,000 * Preferred stock, 3,200,000 shares authorized, 48,800 shares outstanding ** Common stock 800,000 shares authorized, 640,000 shares outstanding Additional information Preferred dividends paid during the year Common dividends paid during the year Net income for year ended December 31 Average common shareholders' equity $192,000 1,472,000 1,800,000 28,000,000 Required Compute the ratios included in the table that follows. Ratio Numerator Denominator a. Book value per share of common stock $ $ = b. Payout ratio $ $ c. Return on equity ratio $ + $ Check Result