19. The numerator of the return on common stockholders' equity is a. net income b. net income minus preferred dividends c. income before income tax d. operating income minus interest expense sheet amounts represent both average and ending balance figures and tna sales were on credit 20. The following information pertains to Newman Company. Assume that all bala s 40,000 30,000 Cash and short-term investments Accounts receivable (net) Inventory 25,000 Property, plant, and equipment Total Assets 215,000 $310,000 Liabilities and Stockholders' Equity S 60,000 95,000 155,000 $310.000 Current liabilities Long-term liabilities Stockholders' equity-Common Total liabilities and stockholders' equity Income Statement Sales $90,000 45,000 $45,000 20,000 Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations 6,000 $40 $1.00 $40,000 What is the return on total assets for this company? a8.1% b.68% C. 10.5% d, 16.1%