Suppose the following financial information is available for Walgreens. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $9,200.0 460 0 1,840 2021 8,600.0 387 2022 0 2,150 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g 12.5%) 2021

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE: A company reports the following: Determine (a) the return on stockholders equity and (b) the return...
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Suppose the following financial information is available for Walgreens.
(in millions)
Average common stockholders' equity
Dividends declared for common stockholders
Dividends declared for preferred stockholders
Net income
2022
$9,200.0
460
0
1,840
2021
2022
8,600.0
387
0
2,150
Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg
12.5%)
2021
Transcribed Image Text:Suppose the following financial information is available for Walgreens. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $9,200.0 460 0 1,840 2021 2022 8,600.0 387 0 2,150 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg 12.5%) 2021
Net income
ockholders
Payout ratio
Return on common stockholders' equity
eTextbook and Media
1,840
Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, es
12.5%)
2,150
2022
%
%
2021
%
Transcribed Image Text:Net income ockholders Payout ratio Return on common stockholders' equity eTextbook and Media 1,840 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, es 12.5%) 2,150 2022 % % 2021 %
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