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NARA [144]
3 years ago
8

The following financial information is available for Monty Corporation. (in millions) 2022 2021 Average common stockholders’ equ

ity $2,500 $2,600 Dividends declared for common stockholders 300 638 Dividends declared for preferred stockholders 30 30 Net income 500 550Calculate the payout ratio and return on common stockholders’ equity for 2022 and 2021.
Business
1 answer:
WARRIOR [948]3 years ago
8 0

Answer:

2022

Pref share pay out ratio = 0.06

Common Stock = 0.2

2021

Pref share pay out ratio = 0.055

Common Stock = 0.21

Explanation:

Pay out ratio = Dividend Paid or Declared/Net Income

Return on Common stock equity = Net Income/Average common stock

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3 years ago
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NemiM [27]

Answer:

True

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3 years ago
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Masja [62]

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8 0
3 years ago
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gregori [183]

Answer:

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3 years ago
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3 years ago
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