Your answer is incorrect. The following data is provided for Sage Corporation for the years 2022 and 2023, total shareholders' equity at the end of 2021 is $265,400. Sage Corporation 2022 2023 $148,900 $154,800 Net income $289,600 $342,050 Shareholders' equity 55.400 57,500 Weighted average number of common shares $0.40 $0.45 Dividends declared per common share $9.60 $9.98 Market price per common share 18,500 19.980 Weighted average number of preferred shares $0.75 $0.75 Dividends declared per preferred share Industry ratios Payout ratio 28.096 Return on common shareholders' equity 35.0% Select which of the following statements are correct: Da Sage pays out a greater proportion of its net income to shareholders through dividends than what is indicated by the industry average b. The return on common shareholders' equity for 2022 is 35.3%. Sage Corporations dividend yield for 2023 is 4.5% d. The dollars earned for each dollar invested by Sage common shareholders was higher than the industry average for 2023 de. The basic earnings per share ratio for 2023 is $2.69. uf. The company's earnings performance as measured using the basic earnings per share ratio has declined in 2023 from 2022. g. The payout ratio has increased by 2.2% in 2023 over 2022