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The following financial information is available for Cheyenne Corporation. (in millions) 2017 2016 Average common stockholders equity $3,015 $3,090 Dividends declared for common stockholders 365
The following financial information is available for Cheyenne Corporation.
| (in millions) | 2017 | 2016 | ||
| Average common stockholders equity | $3,015 | $3,090 | ||
| Dividends declared for common stockholders | 365 | 655 | ||
| Dividends declared for preferred stockholders | 40 | 40 | ||
| Net income | 685 | 730 |
Calculate the payout ratio and return on common stockholders equity ratio for 2017 and 2016.
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Software Quality Assurance Internal Audit And IT Audit Integrated Testing Security And Audit
Authors: Abu Sayed Mahfuz
1st Edition
0367567970, 978-0367567972
