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The following financial information is available for Sheridan Corporation. (in millions) 2022 2021 Average common stockholders' equity $2.538 $2,597 Dividends declared for common stockholders
The following financial information is available for Sheridan Corporation. (in millions) 2022 2021 Average common stockholders' equity $2.538 $2,597 Dividends declared for common stockholders 297 667 Dividends declared for preferred stockholders 40 40 Net income 516 556 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) Payout ratio Return on common stockholders' equity 2022 % % 2021 % %
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