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The following financial information is available for Flint Corporation. (in millions) 2017 2016 Average common stockholders equity $2,825 $2,925 Dividends declared for common stockholders 335

The following financial information is available for Flint Corporation.

(in millions)

2017

2016

Average common stockholders equity

$2,825 $2,925

Dividends declared for common stockholders

335 630

Dividends declared for preferred stockholders

45 45

Net income

605 685

Calculate the payout ratio and return on common stockholders equity ratio for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%)

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