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Exercise 14-10 The following financial information is available for Oriole Corporation. 2020 2019 $2,597 (in millions) Average common stockholders' equity Dividends declared for common stockholders
Exercise 14-10 The following financial information is available for Oriole Corporation. 2020 2019 $2,597 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income $2,538 297 676 40 40 510 580 Calculate the payout ratio and return on common stockholders' equity for 2020 and 2019. (Round answers to 1 decimal place, e.g. 12.5%) 2020 2019 Payout ratio % % Return on common stockholders' equity % %
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