(Answered) Question - the following financial information is available

Accounting

Question - The following financial information is available for Thompson Corporation.

(in millions)

2012 2011

Average common stockholders' equity $2,532 $2,591

Dividends declared for common stockholders 298 611

Dividends declared for preferred stockholders 40 40

Net income 504 555

Calculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your findings.

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