### Financial Information for Walgreen Company#### (in millions)#### 2017 vs. 2016- **Average Common Stockholders' Equity** - 2017: $12,990.0 - 2016: $11,690.0- **Dividends Declared for Common Stockholders** - 2017: $545 - 2016: $390- **Dividends Declared for Preferred Stockholders** - 2017: $0 - 2016: $0- **Net Income** - 2017: $1,895 - 2016: $2,195#### TaskCalculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g., 12.5%).This image provides structured financial information that allows for the assessment of the company's payout ratio and return on equity. There are no graphs or diagrams to explain. **Dividends declared for common stockholders:**- 2017: 545- 2016: 390**Dividends declared for preferred stockholders:**- 2017: 0- 2016: 0**Net income:**- 2017: 1,895- 2016: 2,195**Instructions:**Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. *(Round answers to 1 decimal place, e.g., 12.5%.)***Payout Ratio:**- 2017: ___ %- 2016: ___ %**Return on Common Stockholders' Equity:**- 2017: ___ %- 2016: ___ %

Name: ### Financial Information for Walgreen Company#### (in millions)####
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Description: ### Financial Information for Walgreen Company#### (in millions)#### 2017 vs. 2016- **Average Common Stockholders' Equity** - 2017: $12,990.0 - 2016: $11,690.0- **Dividends Declared for Common Stockholders** - 2017: $545 - 2016: $390- **Dividend

Payout ratio = Dividend declared for common stock holders/ earnings available for common stock…

Business

Accounting

Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 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

Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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