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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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