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Suppose the following financial information is available for Walgreen Company. 2022 2021 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared
Suppose the following financial information is available for Walgreen Company. 2022 2021 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income $12,500 490 $12,000 420 0 0 2,000 2,100 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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