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The following financial information is available for Crane Corporation (in millions) 2022 2021 Average common stockholders' equity $2.540 $2.605 Dividends declared for common stockholders 296
The following financial information is available for Crane Corporation (in millions) 2022 2021 Average common stockholders' equity $2.540 $2.605 Dividends declared for common stockholders 296 629 Dividends declared for preferred stockholders Net Income 40 526 574 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021 (Round answers to 1 decimal place, es 12.5%) Payout ratio Return on common stockholders' equity eTextbook and Media 2022 2021
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