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The following financial information is available for Crane Corporation. (in millions) 2020 2019 Average common stockholders equity $2,566 $2,607 Dividends declared for common stockholders 292

The following financial information is available for Crane Corporation.

(in millions)

2020

2019

Average common stockholders equity $2,566 $2,607
Dividends declared for common stockholders 292 623
Dividends declared for preferred stockholders 55 55
Net income 502 564

Calculate the payout ratio and return on common stockholders equity for 2020 and 2019.

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