What is Payout?

my answer 52.12% is not correct answer.

Question 5 of 9 0.92/ 11 View Policies Show Attempt History Current Attempt in Progress The stockholders' equity accounts of Ayayal Corp. on January 1, 2022, were as follows. Preferred Stock (7% $100 par noncumulative, 12.000 shares authorized) $720,000 Common Stock ($4 stated value, 720,000 shares authorized) 2400,000 Pald-in Capital in Excess of Par Value --Preferred Stock 36.000 Paid-in Capital in Excess of Stated Value-Common Stock 1,152.000 Retained Earnings 1,651,200 Treasury Stock (12.000 common shares) 96.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity, Feb 1 Issued 12.000 shares of common stock for $72,000. Mar. 20 Purchased 2,400 additional shares of common treasury stock at 57 per share. 1 Dedared a 7% cash dividend on preferred stock payable November 1 Nov 1 Paid the dividend declared on October 1 Dec 1 Declared a 50.50 per share cash dividend to common stockholders of record on December 15. pwyable December 31, 2 Determined that net income for the year wis 3670 000. Pald the dividend declared on December 1 Oct Dec 31 Your answer is partially correct Calculate the payout ratio, earnings per share, and return on common stockholders equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) (Round answers to 2 decimal places.es 17.50%) Payout ratio 52.12 X Earnings per share 105 Return on common stockholders' equity 1170 X