Common Stockholders' Profitability Analysis

A company reports the following:

Net income$300,000

Preferred dividends12,000

Average stockholders' equity2,419,355

Average common stockholders' equity1,321,101

Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. If required, round your answers to one decimal place.

a. Return on Stockholders' Equity %

b. Return on Common Stockholders Equity %