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I got 10.43 for the 2017 return on common stockholders equity but it was incorrect so Im unsure of how to do it Blossom Company

I got 10.43 for the 2017 return on common stockholders equity but it was incorrect so Im unsure of how to do it image text in transcribed
Blossom Company has $1,000,000 in assets and $ 1,000,000 in stockholders' equity, with 35,000 shares outstanding the entire year. It has a return on assets of 10%. During 2016, it had net income of $ 100,000. On January 1, 2017, it issued $ 351,000 in debt at 4% and immediately repurchased 17,500 shares for $ 351,000. Management expected that, had it not issued the debt, it would have had net income of $ 100,000 in 2017. Your answer is correct. Determine the company's net income and earnings per share for 2016 and 2017.(lgnore taxes in your computations.)(Round earnings per share to 2 decimal places, e.g. $2.66.) 2016 2017 Net income 100,000 85,960 Earnings per share 286 $ 4.91 Your answer is partially correct. Compute the company's return on common stockholders'equity for 2016 and 2017.(Round answers to 0 decimal places 4 15%) 2016 2017 Return on common stockholders' equity

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