Common Stockholders' Profitability Analysis A company reports the following: Net income Preferred dividends Average stockholders' equity Average common stockholders' equity 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 $135,000 5,400 1,106,557 620,096 ) % b. The rate earned on common stockholders' equity Earnings per Share and Price-Earnings Ratio A company reports the following Net income Preferred dividends Shares of common stock outstanding Market price per share of common stock 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. $992,000 $56,000 90,000 $78 b. Determine the company's price-earnings ratio. Round to one decimal place