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Exercise 11-16 ai The following financial information is available for Flounder Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,500 $2,520 Dividends declared for

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Exercise 11-16 ai The following financial information is available for Flounder Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,500 $2,520 Dividends declared for common stockholders 676 Dividends declared for preferred stockholders 20 Net Income 351 600 650 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) 2022 2021 Payout ratio Return on common stockholders' equity

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