Common Stockholders' Profitability Analysis A company reports the following: Net income $240,000 Preferred dividends 9,500 Average stockholders' equity 2,123,894 Average common stockholders' equity 1,091,943 Determine (a) the the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your percentages to one decimal place. a. The rate earned on stockholders' equity b. The rate earned on common stockholders' equity Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $675,500 Preferred dividends $38,000 Shares of common stock outstanding 85,000 Market price per share of common stock $57.75 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place