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During 2016, Cooper, Inc.s net income was $700,000. Its common stockholders equity was $1,080,000 at January 1, 2016 and $1,720,000 at December 31, 2016. During

During 2016, Cooper, Inc.s net income was $700,000. Its common stockholders equity was $1,080,000 at January 1, 2016 and $1,720,000 at December 31, 2016. During 2016, Cooper had 10,000 outstanding shares of 6%, $100 par value cumulative preferred stock. During December, 2016, Coopers board of directors declared the annual preferred stock dividend and a $120,000 common stock dividend. What is Coopers 2016 return on common stockholders equity?

Select one:

A. 37.1%

B. 17.0%

C. 45.7%

D. 50.0%

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