Common Stockholders' Profitability Analysis

A company reports the following:

Net income	$240,000
Preferred dividends	9,600
Average stockholders' equity	2,201,835
Average common stockholders' equity	1,123,902

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	%