Question
The following financial information is available for Bramble Corporation. (in millions) 2017 2016 Average common stockholders equity $2,565 $2,615 Dividends declared for common stockholders 345
The following financial information is available for Bramble Corporation.
| (in millions) | 2017 | 2016 | ||
|---|---|---|---|---|
| Average common stockholders equity | $2,565 | $2,615 | ||
| Dividends declared for common stockholders | 345 | 725 | ||
| Dividends declared for preferred stockholders | 55 | 55 | ||
| Net income | 605 | 650 |
Calculate the payout ratio and return on common stockholders equity ratio for 2017 and 2016.
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Financial Accounting A Valuation Emphasis
Authors: John S. Hughes, Frances L. Ayres, Robert E. Hoskin
1st Edition
0471203599, 978-0471203599
