6) Jenkins Services reported the following balances: December 31, 2016 December 31, 2015 $ 45,000 $ 42,000 5,000 3,000 375,000 368,000 Net Income Preferred Dividends Total Stockholders' Equity Total Stockholders' Equity attributable to Preferred Stock Number of common Shares Outstanding 40,000 24,000 16,000 12,000 Compute earnings per share for 2016, price/earnings ratio for 2016, assuming the market price on December 31, 2016 is $37.50 per share, and the rate of return on common stockholders' equity for 2016. (Show your computations and round to two decimal places.)