Question
The following financial information is available for Cheyenne Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,500 $2,625 Dividends declared for common stockholders
The following financial information is available for Cheyenne Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,500 $2,625 Dividends declared for common stockholders 354 693 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%) 2022 2021 Payout ratio % Return on common stockholders' equity % %
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
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