Question - The following financial information is available for Thompson Corporation.
(in millions)
|
2012
|
2011
|
Average common stockholders' equity
|
$2,532
|
$2,591
|
Dividends declared for common stockholders
|
298
|
611
|
Dividends declared for preferred stockholders
|
40
|
40
|
Net income
|
504
|
555
|
Calculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your findings.