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Common stockholders' profitability analysis A company reports the following: Line Item Description Amount Net income $315,000 Preferred dividends 12,600 Average stockholders' equity 2,441,860 Average common
Common stockholders' profitability analysis A company reports the following: Line Item Description Amount Net income $315,000 Preferred dividends 12,600 Average stockholders' equity 2,441,860 Average common stockholders' equity 1,419,718 Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. Round percentages to one decimal place
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