The following financial information is available for Flint Corporation.
(in millions) 2017 2016
Average common stockholders’ equity $2,825 $2,925
Dividends declared for common stockholders 335 630
Dividends declared for preferred stockholders 45 45
Net income 605 685
Required:
Calculate the payout ratio and return on common stockholders’ equity ratio for 2017 and 2016.
Answers: 1
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The following financial information is available for Flint Corporation.
(in millions) 2017 2016
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