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The following financial information is available for Grouper Corporation. (in millions) 2022 2021 Average common stockholders equity $2,500 $2,625 Dividends declared for common stockholders 297

The following financial information is available for Grouper Corporation.

(in millions)

2022

2021

Average common stockholders equity

$2,500 $2,625

Dividends declared for common stockholders

297 616

Dividends declared for preferred stockholders

35 35

Net income

500 560

Calculate the payout ratio and return on common stockholders equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%)

2022

2021

Payout ratio

enter payout ratio in percentages

% enter payout ratio in percentages

%

Return on common stockholders equity

enter return on common stockholders equity ratio in percentages

% enter return on common stockholders equity ratio in percentages

%

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