5 of 6 < The following financial information is available for Wildhorse Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,540 $2,605 Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 311 668 60 60 508 552 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) Payout ratio 2022 60 % 2021 116 % Pre-Lecture Assignment #2: Chapter 14 Question 5 of 6 Net income 508 552 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg. 12.5%) 2022 2021 Payout ratio 60 % 116 % Return on common stockholders' equity 18.9 % 20 % eTextbook and Media Save for Later Attempts: 1 of