4 Using the two partial Balance Sheets below, calculate the 2017 Return on Common Shareholder's Equity Note: The change in Retained Earnings is due to a profit of $290,000 and $50,000 in total dividends declared. Reese Corporation Partial Balance Sheet December 31, 2016 EQUITY Contributed Capital Preferred Shares. $0 50, cumulative; 20,000 shares issued and outstanding Common Shares. 100,000 issued and outstanding Total Contributed Capital Retired Earnings Total Equity $ 200,000 500.000 $ 700,000 650.000 $10.000 Reese Corporation Partial Balance Sheet December 31, 2017 EQUITY Contributed Capital Preferred Shares, 50 SO. cumulative: 20,000 shares issued and outstanding Common Shares 150,000 sued and outstanding Total Contributed Capital Retained Earnings Totaltquity $ 200,000 .250.000 $ 950,000 690.00 51.840.000 Herrn on Common Shareholder's Equity = Profit - Preferred Dividends Average Common Shareholders' Equity Book Value per Common Shares Common Shareholders Equity Awrage Number of Common Shares Outstanding The 2017 Return on Common Shareholder's Equity is: D0.201 or 20.1% b. 0,320 or 32.0% 0.443 or 44 8% Od 0.387 38.7% G6384 or 38.4%