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The following financial information is available for Sheridan Corporation. (in millions) 2022 2021 Average common...

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Accounting

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The following financial information is available for Sheridan Corporation. (in millions) 2022 2021 Average common stockholders' equity $2,568 $2,608 Dividends declared for common stockholders 292 665 Dividends declared for preferred stockholders 60 60 Net income 508 566 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 % % Return on common stockholders' equity % %

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