The following financial information is available for Marigold Corporation. (in millions) 2022 2021 Average common stockholders’...
The following financial information is available for Marigold
Corporation.
|
(in millions) |
2022 |
2021 |
||
|---|---|---|---|---|
|
Average common stockholders’ equity |
$3,000 | $3,200 | ||
|
Dividends declared for common stockholders |
370 | 714 | ||
|
Dividends declared for preferred stockholders |
40 | 40 | ||
|
Net income |
625 | 680 |
Calculate the payout ratio and return on common stockholders’
equity for 2022 and 2021. (Round answers to 1 decimal
place, e.g. 12.5%)
|
2022 |
2021 |
|||||
|---|---|---|---|---|---|---|
|
Payout ratio |
enter payout ratio in percentages | % | enter payout ratio in percentages | % | ||
|
Return on common stockholders’ equity |
enter return on common stockholders’ equity ratio in percentages | % | enter return on common stockholders’ equity ratio in percentages | % | ||
Homework Answers
Payout ratio = dividends declared to common stockholders/Net income.
Return on common stockholders equity = (Net income - Preferred dividends)/Average common stockholders equity
| 2022 | 2021 | |
|---|---|---|
| Payout ratio | = 370/625 = 59.2% | = 714/680 = 105% |
| Return on common stockholders equity | = (625-40)/3000 = 19.5% | = (680-40)/3200 = 20% |
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