5)

Suppose the following financial information is available for Walgreen Company 2022 2021 (in millions Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders $14,400.00 $11.400.00 506.88 389.88 0 0 Net income 2,304.00 2,052.00 Calculate the payout ratio and retum on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, es 12.5%) 2022 2021 Payout ratio 76 Return on common stockholders' equity