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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
Net income
504
555
Calculate the payout ratio and return on common stockholders' equity ratio for 2012 and 2011. Comment on your findings.
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