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Stockholder Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Balance Sheets (in thousands) LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $250,363 Accrued
Stockholder Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Balance Sheets (in thousands) LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $250,363 Accrued expenses Other current liabilities Income taxes Total current liabilities Long-term debt Use the information provided above and below to respond to the following requirements. \begin{tabular}{lrr} & \multicolumn{2}{c}{ Year ended December 31} \\ \cline { 2 - 3 } \multicolumn{1}{c}{ Item } & 2023 & 2022 \\ \hline Average number of common shares outstanding (thousands) & 363,882 & 364,398 \\ Preferred dividends (thousands) & $24,000 & $24,000 \\ Dividends per common share & $0.36 & $1.54 \\ Common Dividends (thousands) & 130,861.00 & 561,172.30 \\ Common stock repurchases & 0 & 0 \end{tabular} At January 1,2022 , total stockholders' equity was $2,083,122 and there was no preferred stock. Required: rounded to nearest cent) for 2022 and 2023. 2. Conceptual Connection: Indicate whether there were significant changes in these ratios between the years ended December 31 , 2023 , and December 31 , 2022. Determine whether the stockholder ratios suggest that Steele was a better investment at December 31 , 2023 , or December 31 , 2022
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