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The following financial information is available for Bridgeport Corporation (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders
The following financial information is available for Bridgeport Corporation (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $2,415 261 50 500 2021 $2,465 598 50 520 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, es 12.5%) 2022 2021 Payout ratio % %6 Return on common stockholders' equity %
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