The following information is available for Whitlock Corporation in millions
average common stockholders equity 2014-$2,532 2013-$2,591
dividends declared for common stockholders 2014- 471 2013- 394
dividends declared for preferred stockholders 2014- 40 2013- 40
net income 2014- 504 2013- 555
1. Calculate the payout ratio and return on common stockholders equity for 2014 and 2013. comment of your findings