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Exercise 11-11 Your answer is partially correct. Try again. The following financial information is available for Sarasota Corporation. 2017 2016 $2,600 (in millions) Average common
Exercise 11-11 Your answer is partially correct. Try again. The following financial information is available for Sarasota Corporation. 2017 2016 $2,600 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income $2,520 425 735 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 19% 20/%
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