Exercise 266 Mann Corporation decided to issue common stock and used the $120,000 proceeds to retire all of its outstanding bonds on January 1, 2017. The following information is available for the company for 2016 and 2017. 17. The following for $1.20,000 proce Net income Average stockholder's equity Total assets Current liabilities Total liabilities 2017 $120,000 1,000,000 1,200,000 100,000 360,000 2016 $100,000 800,000 1,200,000 100,000 480,000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 10.2%.) 2017 Return on common stockholders' equity