Markus Companys common stock sold for $4.50 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.02 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance		Beginning Balance
Cash	$	40,000	$	40,200
Accounts receivable	$	84,000	$	63,700
Inventory	$	70,600	$	84,000
Current assets	$	194,600	$	187,900
Total assets	$	699,000	$	755,600
Current liabilities	$	78,000	$	76,500
Total liabilities	$	184,000	$	165,600
Preferred stock	$	48,000	$	48,000
Common stock, $1 par value	$	104,000	$	104,000
Total stockholders equity	$	515,000	$	590,000
Total liabilities and stockholders equity	$	699,000	$	755,600

	This Year
Sales (all on account)	$	980,000
Cost of goods sold	$	568,400
Gross margin	$	411,600
Net operating income	$	263,250
Interest expense	$	13,500
Net income	$	155,200

Required:

What is the return on common stockholders equity? (Round your answer to 2 decimal places.)