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The following financial information is available for Concord Corporation. (in millions) 2025 2024 Average common stockholders' equity $2,500 $2,600 Dividends declared for common stockholders

 

The following financial information is available for Concord Corporation. (in millions) 2025 2024 Average common stockholders' equity $2,500 $2,600 Dividends declared for common stockholders 305 594 Dividends declared for preferred stockholders 30 30 Net income 500 550 (a1) Calculate the payout ratio and return on common stockholders' equity for 2025 and 2024. (Round answers to 1 decimal place, e.g. 12.5%.)

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