Tuollowing financial information is available for Crane Corporation (in millions) 2020 2019 Average common stockholders'...
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Tuollowing financial information is available for Crane Corporation (in millions) 2020 2019 Average common stockholders' equity $2,548 $2,597 Dividends declared for common stockholders 610 Dividends declared for preferred stockholders 60 60 Net income 508 560 306 Calculate the payout ratio and return on common stockholders' equity for 2020 and 2019. (Round answers to I de place, e.g. 12.5%) 2020 2019 Payout ratio Return on common stockholders' equity
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