Question - Common Stockholders' Profitability Analysis
A company reports the following:
Net income $225,000 Preferred dividends 9,000 Average stockholders' equity 2,008,929 Average common stockholders' equity 1,173,913
Determine
(a) the return on stockholders' equity and
(b) the return on common stockholders' equity. If required, round your percentages to one decimal place.