Calculate the payout ratio, earnings per share, and return on common stockholders’ equity. (round earning per share to 2 decimal places, e. g. $2.66 and all other answers to 1 decimal place. 17.5%.) payout ratio % earnings per share $ return on common stockholders’ equity %

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: