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Payout ratio-return on common stockholders equity ratio

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The following financial information is available for WalgreenCompany.

(in millions) 2004 2003
Average common stockholders' equity $7,628.8 $6,640.4
Dividends declared for commonstockholders 186.4 159.6
Dividends declared for preferredstockholders 0 0
Net income 1,349.8 1,165.1

Calculate the payout ratio and return on common stockholders' equity ratio for 2004 and 2003.

Reference no: EM13258544

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