The following financial information is available for Thompson Corporation. InstructionsCalculate the payout ratio and return on common
Question:
The following financial information is available for Thompson Corporation.
InstructionsCalculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your findings.
Transcribed Image Text:
(in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2012 $2,532 2011 $2,591 298 40 611 40 504 555
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Thompson Corporations dividends decreased over 51 even though its net ...View the full answer
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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