Question
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
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%.)
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Payout ratio | enter percentages rounded to 1 decimal place | % | enter percentages rounded to 1 decimal place | % | ||
| Return on common stockholders equity | enter percentages rounded to 1 decimal place | % | enter percentages rounded to 1 decimal place | % | ||
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
