Exercise 11-11 The following financial information is available for Sarasota Corporation. 2017 2016 $2,520 $2,600 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 425 735 55 55 535 575 Calculate the payout ratio and return on common stockholders' equity ratio for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%) 2017 2016 Payout ratio % % Return on common stockholders' equity % %