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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
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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