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Exercise 14-15 The following financial information is available for Plummer Corporation. 2017 2016 Average common stockholders' equity $1,100,000 $866,000 Dividends paid to common stockholders 46,500
Exercise 14-15 The following financial information is available for Plummer Corporation. 2017 2016 Average common stockholders' equity $1,100,000 $866,000 Dividends paid to common stockholders 46,500 32,000 Dividends paid to preferred stockholders 16,500 16,500 Net income 280,000 190,000 Market price of common stock 15 21 The weighted-average number of shares of common stock dutstanding was 80,000 for 2016 and 103,000 for 2017. Calculate earnings per share and return on common stockholders' equity for 2017 and 2016. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) 2017 2016 Earnings per share Return on common stockholders' equity
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