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(d) - Your answer is partially correct. Calculate the payout ratio and return on common...

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Accounting

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(d) - Your answer is partially correct. Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimal place, e.g. 12.5%.) Payout ratio 57.30 % Return on common stockholders' equity 18.35 % Current Attempt in Progress On January 1, 2022, Monty Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 69,500 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $695,000 484,500 645,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 Declared a $0.70 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. Issued the shares for the stock dividend. Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2023. Determined that net income for the year was $359,000. May 15 Dec. 1 Dec. 31

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