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The following financial information is available for Flint Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 2021 $2,260 $2,320 282 630 30 525 Payout ratio Return on common stockholders' equity 30 470 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal pl e.g. 12.5%) 2022 % % 2021 % %

The following financial information is available for Flint Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 2021 $2,260 $2,320 282 630 30 525 Payout ratio Return on common stockholders' equity 30 470 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal pl e.g. 12.5%) 2022 % % 2021 % %

FINANCIAL ACCOUNTING
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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The following financial information is available for Flint Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 2021 $2,260 $2,320 282 630 30 525 Payout ratio Return on common stockholders' equity 30 470 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal pl e.g. 12.5%) 2022 % % 2021 % %
Transcribed Image Text:The following financial information is available for Flint Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 2021 $2,260 $2,320 282 630 30 525 Payout ratio Return on common stockholders' equity 30 470 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal pl e.g. 12.5%) 2022 % % 2021 % %
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