Novak Corp. decided to issue common stock and used the $337,000 proceeds to redeem all of its outstanding bonds on January 1, 2022. The following information is available for the company for 2022 and 2021. 2022 2021 Net income $183,000 $147,000 Dividends declared for preferred stockholders 9,000 9,000 Average common stockholders' equity 1,027,000 690.000 Total assets 1,504,000 1,504,000 Current liabilities 237,000 237,000 Total liabilities 477,000 814,000 (a) Compute the return on common stockholders' equity for both years. (Round answers to 1 decimal place, e.g. 12.5%.) 2022 2021 Return on common stockholders' equity ratio % % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit