The following financial information is available for Bridgeport Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2025 $2,500 294 Payout ratio Return on common stockholders' equity 35 500 2024 $2,575 638 35 (41) Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, e 12.5%) 2025 550 2024
The following financial information is available for Bridgeport Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2025 $2,500 294 Payout ratio Return on common stockholders' equity 35 500 2024 $2,575 638 35 (41) Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, e 12.5%) 2025 550 2024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following financial information is available for Bridgeport Corporation.
in millions)
Average common stockholders' equity
Dividends declared for common stockholders
Dividends declared for preferred stockholders
Net income
(1)
Payout ratio
2025
Return on common stockholders' equity
$2,500
294
35
500
2024
$2,575
638
Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, eg
12.5%)
2025
35
550
2024
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