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Common Stockholders' Profitability Analysis A company reports the following: Net income $285,000 Preferred dividends 11,400 Average stockholders' equity 2,567,568 Average common stockholders' equity 1,266,667 Determine

Common Stockholders' Profitability Analysis

A company reports the following:

Net income $285,000
Preferred dividends 11,400
Average stockholders' equity 2,567,568
Average common stockholders' equity 1,266,667

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

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