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The following financial information is available for Bramble Corporation. (in millions) 2022 2021 Average common stockholders' equity $3,000 $3,150 Dividends declared for common stockholders 351
The following financial information is available for Bramble Corporation. (in millions) 2022 2021 Average common stockholders' equity $3,000 $3,150 Dividends declared for common stockholders 351 759 Dividends declared for preferred stockholders 30 30 Net income 600 660 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) Payout ratio Return on common stockholders' equity 2022 % % 2021 % %
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