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The following financial information is available for Cheyenne Corporation. 2022 2021 $2,500 $2,625 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends
The following financial information is available for Cheyenne Corporation. 2022 2021 $2,500 $2,625 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 354 693 30 30 600 660 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg. 12.5%) 2022 2021 Payout ratio % Return on common stockholders' equity % %
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