X Your answer is incorrect. The following financial information is available for Ayayai Corporation (in millions) 2017 2016 Average common stockholders' equity $2,500 $2,550 Dividends declared for common stockholders 300 605 Dividends declared for preferred stockholders Net income 500 550 40 40 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, eg. 12.5%) 2017 2016 Payout ratio 68 96 117 96 Return on common stockholders' equity 20 96 22 % eTextbook and Media Save for Later Attempts: 2 of 15 used Submit