The following financial information is available for Bramble Corporation.

(in millions)		2017		2016
Average common stockholders equity		$2,670		$2,730
Dividends declared for common stockholders		395		730
Dividends declared for preferred stockholders		40		40
Net income		605		650

Calculate the payout ratio and return on common stockholders equity ratio for 2017 and 2016.

Question 4 The following financial information is available for Bramble Corporation in millions Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2017 2016 $2,670 $2,730 730 40 650 395 40 605 Calculate the payout ratio and return on common stockholders' equity ratio 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