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Current Attempt in Progress Suppose the following financial information is available for Walgreen Company. (in millions)...

Current Attempt in Progress

Suppose the following financial information is available for Walgreen Company.

(in millions)

2017

2016
Average common stockholders’ equity $12,940.0 $11,640.0
Dividends declared for common stockholders 520 365
Dividends declared for preferred stockholders 0 0
Net income 1,870 2,170


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 % %
Return on common stockholders’ equity % %
business   accounting   
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Answer #1

payout ratio and return computation of on equity 2017 27.8 2016 16.8 payout ratio on $520x100 $365. X100 $2170 $1870 Return o

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