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A company reports the following: Net income $ 2 7 5 , 0 0 0 Preferred dividends 1 1 , 0 0 0 Average stockholders'

A company reports the following:
Net income $275,000
Preferred dividends 11,000
Average stockholders' equity 2,131,783
Average common stockholders' equity 1,320,000
Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. If required, round your answers to one decimal place.

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