Exercise 11-12 Suppose the following financial information is available for Walgreen Company. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2016 2017 $12,910.0 $11,610.0 505 1,855 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, eg, 12.5%.) 2016 2017 Payout ratio Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor