Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g 12.5%.)
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g 12.5%.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE
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![Dividends declared for common stockholders
490
410
Dividends declared for preferred stockholders
Net income
1,840
2,140
Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g.
12.5%.)
2017
2016
Payout ratio
Return on common stockholders' equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F53d0f527-48b4-4bb5-b8b0-e7856dc89397%2F66885a07-2e88-4d5b-8868-afb0f87761da%2Faqvn58t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dividends declared for common stockholders
490
410
Dividends declared for preferred stockholders
Net income
1,840
2,140
Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g.
12.5%.)
2017
2016
Payout ratio
Return on common stockholders' equity
![Suppose the following financial information is available for Walgreen Company.
(in millions)
2017
2016
Average common stockholders' equity
$12,880.0
$11,580.0
Dividends declared for common stockholders
490
410
Dividends declared for preferred stockholders
Net income
1,840
2,140
Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g.
12.5%.)
2017
2016](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F53d0f527-48b4-4bb5-b8b0-e7856dc89397%2F66885a07-2e88-4d5b-8868-afb0f87761da%2Fjskcp9m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose the following financial information is available for Walgreen Company.
(in millions)
2017
2016
Average common stockholders' equity
$12,880.0
$11,580.0
Dividends declared for common stockholders
490
410
Dividends declared for preferred stockholders
Net income
1,840
2,140
Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g.
12.5%.)
2017
2016
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