Question: Current Attempt in Progress Carla Vista, Inc. reported earnings per share of $3 based on a profit after tax of $445,000. The company's common

Current Attempt in Progress Carla Vista, Inc. reported earnings per share of

Current Attempt in Progress Carla Vista, Inc. reported earnings per share of $3 based on a profit after tax of $445,000. The company's common shares were selling at $30 per share. During the same year, the company declared and paid total cash dividends of $89,000. Calculate the price-earnings ratio and the payout ratio. Price-earnings ratio Payout ratio times %

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