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E14-15 The following financial information is available for Cheney Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net
E14-15 The following financial information is available for Cheney Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock 2010 $1,200,000 50.000 20,000 290,000 20 2009 $900.000 30,000 20,000 200,000 15 The weighted average number of shares of common stock outstanding was 80,000 for 2009 and 100,000 for 2010 Instructions Calculate earnings per share and return on common stockholders' equity for 2010 and 2009
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