Question
Current Attempt in Progress Suppose the following financial information is available for Walgreen Company . (in millions) 2017 2016 Average common stockholders equity $12,940.0 $11,640.0
Current Attempt in Progress
Suppose the following financial information is available for Walgreen Company.
| (in millions) | 2017 | 2016 | ||
| Average common stockholders equity | $12,940.0 | $11,640.0 | ||
| Dividends declared for common stockholders | 520 | 365 | ||
| Dividends declared for preferred stockholders | 0 | 0 | ||
| Net income | 1,870 | 2,170 |
Calculate the payout ratio and return on common stockholders equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.)
| 2017 | 2016 | |||||
| Payout ratio | % | % | ||||
| Return on common stockholders equity | % | % | ||||
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
