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The following financial information is available for Novak Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders

The following financial information is available for Novak Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income (a1) Payout ratio 2025 Return on common stockholders' equity $3,000 $3,025 363 45 600 2024 2025 676 Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, e.g. 12.5%.) 45 650 % % 2024 % % SUPPO
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The following financial information is avalable for Novak Corporation. (a1) Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, es. 12.5

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