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Fido, Inc. reported net income totaling $200,000 in 19X2 and $160,000 in 19X1. Partial balance sheet information is provided below: 19X2 19X1 Bonds Payable $200,000

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Fido, Inc. reported net income totaling $200,000 in 19X2 and $160,000 in 19X1. Partial balance sheet information is provided below: 19X2 19X1 Bonds Payable $200,000 $200,000 Common stock ($10 par) $405,000 $405,000 Additional paid-in-capital $100,000 $100,000 Retained earnings $455,000 $415,000 No preferred stock was issuesd or outstanding at the end of either year. Based on the information provided, what is the rate of return on common stockholder's equity for 19X2? Round to two decimal places after converting to a percentage. Multiple Choice 0 0 19.15% 0 20.83% 39.60% 0 21.28%

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