Calculate the payout ratio and return on common, Accounting Basics

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Calculate the payout ratio and return on common

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.

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Accounting Basics: Calculate the payout ratio and return on common

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Accounting Basics: Calculate the payout ratio and return on common

Reference No:- TGS0597260

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Accounting Basics: Calculate the payout ratio and return on common

Reference No:- TGS0597260

Recent Questions Asked Accounting Basics

Q : How does the resolving power of the 5-m telescope compare

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