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E20-85 HM 22The following information is provided for ABC Retail Inc.Shareholders' Equity ($ thousands)Dec. 31, 2020Preferred stock, $50 par, 4,000,000 shares authorized, 61,000 shares outstanding $3,050Common stock, $1 par, 1,000,000 shares authorized, 800,000 shares outstanding. 800Paid-in capital in excess of par. 200Retained earnings. 35,730Total shareholders' equity. $39,780Additional information Preferred dividends paid in 2020. $240,000Common dividends paid in 2020. 840,000Net income for year ended December 31, 2020 2,250,000Average common shareholders' equity. 25,000,000The company's payout ratio is?book value per share of common stock?return on equity?
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