The following information is available for Windsor Corporation. 2025 2024 Average common stockholders' equity $1,740,000 $1,240,000 Average total stockholders' equity 2,480,000 1,740,000 Common dividends declared and paid 62,080 41,000 Preferred dividends declared and paid 40,000 40,000 Net income 194,000 164,000 Compute the payout ratio and return on common stockholders' equity for each year. (Round answers to O decimal places, e.g. 15%.) 2025 32 % Payout ratio Return on common stockholders' equity 9 % do 2024 25 % 10 10 %
The following information is available for Windsor Corporation. 2025 2024 Average common stockholders' equity $1,740,000 $1,240,000 Average total stockholders' equity 2,480,000 1,740,000 Common dividends declared and paid 62,080 41,000 Preferred dividends declared and paid 40,000 40,000 Net income 194,000 164,000 Compute the payout ratio and return on common stockholders' equity for each year. (Round answers to O decimal places, e.g. 15%.) 2025 32 % Payout ratio Return on common stockholders' equity 9 % do 2024 25 % 10 10 %
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 38CE: Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation:...
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