Common Stockholders' Profitability Analysis A company reports the following: Net income $1,225,000 Preferred dividends 47,800 Average stockholders' equity 8,750,000 Average common stockholders' equity 5,400,000 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. (Round percentages to one decimal place.) a. Return on stockholders' equity b. Return on common stockholders' equity % Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $562,000 Preferred dividends $50,000 Shares of common stock outstanding 80,000 Market price per share of common stock $32 a. Determine the company's earnings per share on common stock. Round your answer to two decimal places. b. Determine the company's price-earnings ratio