Payout ratio-return on common stockholders equity ratio

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Reference no: EM13258544

The following financial information is available for WalgreenCompany.

(in millions)	2004	2003
Average common stockholders' equity	$7,628.8	$6,640.4
Dividends declared for commonstockholders	186.4	159.6
Dividends declared for preferredstockholders	0	0
Net income	1,349.8	1,165.1

Calculate the payout ratio and return on common stockholders' equity ratio for 2004 and 2003.

Reference no: EM13258544

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