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Ferman Corporation had net income of $200,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2012. Ferman Corporations common

Ferman Corporation had net income of $200,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2012. Ferman Corporations common stockholders equity at the beginning and end of 2012 was $870,000 and $1,130,000, respectively. Ferman Corporations return on common stockholders equity was

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