Remington Inc. Consolidated Statements of Income (In thousands except per share amounts) 2019 2018 2017 Net sales $7,245,088 $6,944,296 $6,149,218 Cost of goods sold (5,286,253) (4,953,556) (4,355,675) Gross margin $1,958,835 $1,990,740 $1,793,543 General and administrative expenses (1,259,896) (1,202,042) (1,080,843) Special and nonrecurring items 2,617 Operating income $701,556 $788,698 $712,700 Interest expense (63,685) (62,398) (63,927) Other income 7,308 10,080 11,529 Gain on sale of investments 9,117 Income before income taxes $645,179 $745,497 $660,302 Provision for income taxes 254,000 290,000 257,000 Net income $391,179 $455,497 $403,302 Net income per share $1.08 $1.25 $1.11 Remington Inc. Consolidated Balance Sheets (In thousands) ASSETS Dec. 31, 2019 Dec. 31, 2018 Current assets: Cash and equivalents $320,558 $41,235 Accounts receivable 1,056,911 837,377 Inventories 733,700 803,707 Other 109,456 101,811 Total current assets $2,220,625 $1,784,130 Property and equipment, net 1,666,588 1,813,948 Other assets 247,892 248,372 Total assets $4,135,105 $3,846,450 AOCUOLDERS CONTV LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $250,363 $309,092 Accrued expenses 347,892 274,220 Other current liabilities 15,700 Income taxes 93,489 137,466 Total current liabilities $707,444 $720,778 Long-term debt $650,000 $541,639 Deferred income taxes 275,101 274,844 Other long-term liabilities 61,267 41,572 Total liabilities $1,693,812 $1,578,833 Stockholders' equity: $100,000 $100,000 Preferred stock 89,727 89,727 Common stock Additional paid-in-capital--common stock 128,906 127,776 Retained earnings 2,397,112 2,136,794 $2,715,745 $2,454,297 Less: Treasury stock, at cost (274,452) (186,680) Total stockholders' equity $2,441,293 $2,267,617 Total liabilities and stockholders' equity $4,135,105 $3,846,450 Use the information provided above and below to respond to the following requirements. Use the information provided above and below to respond to the following requirements. Year ended December 31, 2019 2018 Item Average number of common shares outstanding (thousands) 360,632 364,398 Preferred dividends (thousands) $24,000 $24,000 Dividends per common share $0.36 $1.54 130,861.00 561,172.30 Common Dividends (thousands) Common stock repurchases 0 0 Market price per share: High $83.25 $79.10 Low 63.25 59.00 Close 78.42 66.36 At January 1, 2018, total stockholders' equity was $2,083,122 and there was no preferred stock. Required: 1. Compute the earnings per share, return on common equity, dividend yield ratic, and dividend payout ratio (in percentage terms, rounded to two decimal places except for EPS, which should be rounded to neare cent) for 2018 and 2019. 2019 2018 Earnings per share Return on common equity % % Dividend yield ratio % DIM % Dividend payout ratio % %