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The following financial information is available for Novak Corporation (in millions) 2022 2021 $3,000 $3,025 Average common stockholders' equity Dividends declared for comm mmon stockholders

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The following financial information is available for Novak Corporation (in millions) 2022 2021 $3,000 $3,025 Average common stockholders' equity Dividends declared for comm mmon stockholders Dividends declared for preferred stockholders 363 676 45 45 Net income 600 650 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg. 12.5%) 2022 2021 Payout ratio % % Return on common stockholders' equity

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