The following information has been gathered for Malette Manufacturing:

Assume that the firm has no common stock equivalents. The tax rate is 34%.
Required:
1. Compute the return on assets.
2. Compute the return on common stockholders' equity.
3. Compute the earnings per share.
4. Compute the price-earnings ratio.
5. Compute the dividend yield.
6. Compute the dividend payout ratio?

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Net income Interest expense Average total assets Prefenl divicens 1,200,000 800,000 shares $20,000,000 Common dividends 400,000 Average common shares outstanding 60,000,000Average common stockholders' equity 400,000Market price per common share