Problem $16-45$ Profitability Ratios

The following information has been gathered for Malette Manufacturing:

Net income$=$$$5,000,000$

Commondividends$=$$$1,200,000$

Interest expense$=400,000$

Average common shares outstanding$=800,000$ shares

Average total assets$=60,000,000$

Average common stockholders equity$=$$$20,000,000$

Preferred dividends$=400,000$

Market price per common share$=$$$40$

Assume that the firm has no common stock equivalents. The tax rate is $34$ percent.

Required:

Compute the return on assets.

Compute the return on common stockholders' equity.

Compute the earnings per share.

Compute the price$-$earnings ratio.

Compute the dividend yield.

Compute the dividend payout ratio.