Question - 310,000 retained earnings, played out $160,000 in cash dividends to common stock holders. Ending total common equity of $6.5 million, 180,000 shares of common stock outstanding. Market price of firm's common stock is $78. What is earnings available to common stock holders, the dividend pay-out ratio and the retention ratio? Calculate the dividends per shares and earnings per share. Calculate the book value of common equity and the book value per share. Calculate the market-to-book ratio. Calculate the PE.