Mei-kwei Internationals common stock sold for $4.55 per share at the end of this year. The company paid preferred stock dividends totalling $4,400 and a common stock dividend of $0.88 per share this year. It also provided the following data excerpts from this years financial statements: Ending Balance Beginning Balance Cash $ 45,500 $ 39,200 Accounts receivable $ 82,000 $ 61,200 Inventory $ 67,600 $ 82,000 Current assets $ 195,100 $ 182,400 Total assets $ 648,000 $ 689,200 Current liabilities $ 72,500 $ 73,500 Total liabilities $ 188,000 $ 169,200 Preferred stock $ 47,000 $ 47,000 Common stock, $1 par value $ 98,000 $ 98,000 Total stockholders equity $ 460,000 $ 520,000 Total liabilities and stockholders equity $ 648,000 $ 689,200 This Year Sales (all on account) $ 900,000 Cost of goods sold $ 522,000 Gross margin $ 378,000 Net operating income $ 228,000 Interest expense $ 12,000 Net income $ 97,000 Required: What is the return on common stockholders equity? (Round your answer to 2 decim