Return on Common Stockholders Equity, Dividend Yield, and Dividend Payout

The following information relates to Litchfield, Inc.:

	2015	2016
Net income	$100,000	$140,000
Preferred stock dividends	15,000	15,000
Average common stockholders' equity	4,000,000	4,200,000
Dividend per common share	2.90	3.10
Earnings per share	5.80	5.90
Market price per common share, year-end	58.00	59.50

a. Calculate the companys return on common stockholders equity for 2015 and 2016. b. Calculate the companys dividend yield for 2015 and 2016. c. Calculate the companys dividend payout for 2015 and 2016.

Round answers to one decimal point.

		2015	2016
a.	Return on Common Stockholder Equity	Answer%	Answer%
b.	Dividend Yield	Answer%	Answer%
c.	Dividend Payout	Answer%	Answer%