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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

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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 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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