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Current Attempt in Progress The following financial information is available for Marigold Corporation. (in millions) 2022 2021 Average common stockholders' equity $3,000 $3,200 Dividends declared
Current Attempt in Progress The following financial information is available for Marigold Corporation. (in millions) 2022 2021 Average common stockholders' equity $3,000 $3,200 Dividends declared for common stockholders 370 714 Dividends declared for preferred stockholders 40 40 Net income 625 680 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg 12.5%) Payout ratio Return on common stockholders' equity eTextbook and Media Save for Later 2022 % 2021 %
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