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

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The following financial information is available for Pronghorn Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2020 $2,400.00 262.88 40.00 496.00 2019 $2.700.00 609.00 40.00 580.00 Calculate the payout ratio and return on common stockholders' equity for 2020 and 2019. (Round answers to 1 decimal place, e-8. 12.5%) 2020 2019 % % Payout ratio % % Return on common stockholders' equity Touthool and Media

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