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Los Altos, Inc., disclosed the following information in a recent annual report: Year 1 Year 2 Net income $ 3 5 , 0 0 0

Los Altos, Inc., disclosed the following information in a recent annual report:
Year 1 Year 2
Net income $35,000 $55,000
Preferred stock dividends 3,0003,000
Average common stockholders equity 1,200,0001,500,000
Dividend per common share 1.201.20
Earnings per share 1.902.05
Market price per common share, year-end 19.5021.00
Calculate the return on common stockholders equity for Los Altos, Inc. for both years.
Round to two decimals.

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