Expand Your Critical Thinking 11-6 Your answer is partially correct. Try again. During a recent period, the fast-food chain Wendy's International purchased many treasury shares. This caused the number of shares outstanding to fall from 124 million to 105 millon. The following information was drawn from the company's financlal statements (in Information for the Year after for the Year before Purchase of Treasury Stock of Treasury Stock 193.6 ,076.D 2,016.9 1,029.8 1,078.D 1,046.3 Net Income Total assets Average total assets Total common stockholders equity Average common stockholders equity Total liab lities Average total liabilities Interest expense Income taxes Cash proided by operation Cash dividends paid on common stock Preferred stock dividends Average number of common shares outstanding 1,837.9 1,069.1 119.9 Use the information provided to answer the following questions. (a1) Compute earnings per share, return on common stockholders' equity and return on assets for both years Round earnings per share to 2 decinal places e 15.12 and a l other answers to 1 decimal place, e g 15.2% Year ended After Purchase of Treasury Stock Before Purchase of Treasury Stock Earnings per share Return on common stockholders' equity (b1) Corn ute he dividend payout ratio Also corn ute the average cash dvidend paid per share of common stock dividends paid divided by the average number of cornrnon shares outs anding 2 decimal places, e.g. 15.24) ROUil dyout ratio to 1 decim p ace, e 15.1% drN d Other dnswers tu Year ended After Purchase of Treasury Stock Before Purchase of Treasury Stock Payaut ratio Average cash dividend paid per share