X Ch 11: Homework CUCAPOTES Your answer is partially correct The following financial information is available for Cheyenne Corporation in millions) Average common stockholders' equity 2020 2019 $2.400.00 $2,500.00 Dividends declared for common stockholders Dividends declared for preferred stockholders 37.00 Net income 37.00 587.00 517.00 Calculate the payout ratio and return on common stockholders'equity for 2020 and 2019. Round answers to 1 decimal places 125 2020 2019 Payout ratio Return on cominon stockholders equity e Textbook and Media Assistance Used Sive for Later Attempts: 1 of 3 used Submit Awwer