signment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT CES Exercise 11-16 al Your answer is partially correct. Try again. The following financial Information is available for Culver Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,500 $2,575 Dividends declared for common stockholders 306 627 Dividends declared for preferred stockholders 35 35 Net income 500 550 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to : decimal place as 12.5%) 2022 2021 Payout ratio 61.2 100.1 Study Return on common stockholders' equity 18.6% 0.2 LINK TO TEXT LINK TO VIDEO Question Attempts: 2 of 5 used