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A company reports the following: Net income $1,225,000 Preferred dividends 47,800 Average stockholders' equity 8,750,000 Average common stockholders' equity 5,400,000 Determine (a) the return on

A company reports the following:

Net income $1,225,000
Preferred dividends 47,800
Average stockholders' equity 8,750,000
Average common stockholders' equity 5,400,000

Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. (Round percentages to one decimal place.)

a. Return on stockholders equity %
b. Return on common stockholders equity %

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