CALCULATOR FULL SCREEN P ES Exercise 11-11 The following financial information i

Question

CALCULATOR FULL SCREEN P ES Exercise 11-11 The following financial information is available for Bridgeport Corporation 2017 2016 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income $2,855 $2,950 720 35 575 430 35 535 udy 1 decin Calculate the payout ratio and return on common stockholders' equity ratio for 2017 and 2016. (Round answers to 2017 016 Payout ratio Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your inst Question Attempts: O of 5 used SA Earn Maximum Points available or answer this question correctly in f attempts or less

Explanation / Answer

430/535

.804 or 80.4%

720/575

1.252or 125.2%

2017 2016 Payout ratio dividend to common stockholders /net income

430/535

.804 or 80.4%

720/575

1.252or 125.2%

Return on common stockholders equity [net income -preferred dividend ]/average common stockholders equity [535-35]/2855 [575-35]/2950 .175 or 17.5% .183 or 18.3%

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