Exercise 11-11 The following financial information is available for Ayayai Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2017 2016 $2,520 $2,570 600 35 545 300 35 505 Calculate the payout ratio and return on common stockholders' equity ratio for 2017 and 2016. (R decimal place, eg. 12.5%) 2017 2016 Payout ratio Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: 0 of 3 usedSAVE FOR LATE