According to this information, compute the company's return on common stockholders' equity for 2019 and 2020. (Round to 1 dp)

In 2019 Manning Company has $1,000,000 in assets and $1,000,000 in stockholders' equity, with 50,000 shares outstanding the entire year. In the past year it had net income of $75,000. On January 1, 2020, it issued $300,000 in debt at 5% and immediately repurchased 25,000 shares for $300,000. Management expected that, had it not issued the debt, it would again have had net income of $75,000 Part 1 Your answer is correct. Determine the Company's net income and earnings per share for 2019 and 2020. (Ignore taxes in your computations.)