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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
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 $13,040.0 $11,740.0 415 0 2,220 570 1,920 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017_ 2016 Payout ratio Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work
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