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Excerpts from Lasso Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred stock $ 190,000 $ 190,000 Common stock 490,000 490,000 Additional
Excerpts from Lasso Corporation's most recent balance sheet appear below: Year 2 Year 1 Preferred stock $ 190,000 $ 190,000 Common stock 490,000 490,000 Additional paid-in capital--common stock 340,000 340,000 Retained earnings 490,000 420,000 Total stockholders' equity $1,510,000 $1,440,000 Net income for Year 2 was $154,000. Dividends on common stock were $64,000 in total and dividends on preferred stock were $29,000 in total. The return on common stockholders' equity for Year 2 is: (Round your answer to 1 decimal place.)
12.0
11.0
5.5
9.7
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