Hi,

I am having trouble with question A. I have tried 12, 1.2, 120

A company reports the following:

Net income$220,000Preferred dividends8,800Average stockholders' equity1,818,182Average common stockholders' equity1,123,404

Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. If required, round your answers to one decimal place.

a. Return on Stockholders' Equity12%b. Return on Common Stockholders Equity18.8%