Computing Stockholders' Equity Ratios The following information is provided for ABC Retail Inc. Shareholders' Equity Preferred stock, $50 par, 8,800,000 shares authorized, 134,200 shares outstanding Common stock, $1 par, 2,200,000 shares authorized, 1,760,000 shares outstanding Paid-in capital in excess of par Retained earnings Total shareholders' equity Dec. 31, 2020 $ 6,710,000 1,760,000 440,000 78,606,000 $87,516,000 Additional information Preferred dividends paid in 2020 $528,000 Common dividends paid in 2020 $4,048,000 Net income for year ended December 31, 2020 $4,500,000 Average common shareholders' equity $77,000,000 0 Compute the following ratios, rounding your answers to two decimal places. a. Compute book value per share of common stock. b. Compute the payout ratio. C. Compute the return on equity ratio. 0 0