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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 Year
Net income $ $
Preferred stock dividends
Average common stockholders equity
Dividend per common share
Earnings per share
Market price per common share, yearend
Calculate the return on common stockholders equity for Los Altos, Inc. for both years.
Round to two decimals.
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