The following financial information is available for Carla Vista Corporation.
(IN MILLIONS)
2022
2021
Average common stockholders’ equity
$2,542
$2,605
Dividends declared for common stockholders
297
659
Dividends declared for preferred stockholders
45
45
Net income
530
572
Calculate the payout ratio and return on common stockholders’ equity for 2022 and 2021.