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Current Attempt in Progress * Your answer is incorrect. The following information is available for Sheridan Company 2020 2019 Average common stockholders' equity $1,690,000
Current Attempt in Progress * Your answer is incorrect. The following information is available for Sheridan Company 2020 2019 Average common stockholders' equity $1,690,000 $1,070,000 Average total stockholders' equity 2,230,000 1,690,000 Common dividends declared and paid Preferred dividends declared and paid 90,000 62,000 42,000 42,000 Net income 200,000 166,000 Compute the payout ratio and return on common stockholders' equity for both years. (Round answers to O decimal places, e.g. 15%.)
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