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The following financial information is available for Cullumber Corporation. (in millions) 2020 2019 Average common stockholders equity $2,544 $2,608 Dividends declared for common stockholders 302
The following financial information is available for Cullumber Corporation.
(in millions) 2020 2019
Average common stockholders equity $2,544 $2,608
Dividends declared for common stockholders 302 651
Dividends declared for preferred stockholders 50 50
Net income 518 562
Calculate the payout ratio and return on common stockholders equity for 2020 and 2019. (Round answers to 1 decimal place, e.g. 12.5%) 2020 and 2019
Payout ratio ___% ___% Return on common stockholders equity ____% ______%
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