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On January 1, 2020, Crane Corporation purchased 1,500 shares of treasury stock. Other information regarding Crane Corporation is provided as follows. 2019 2020 Net income

On January 1, 2020, Crane Corporation purchased 1,500 shares of treasury stock. Other information regarding Crane Corporation is provided as follows.

2019

2020

Net income $195,000 $210,000
Dividends on preferred stock $32,000 $32,000
Dividends on common stock $21,000 $26,000
Common stockholders equity beginning of year $597,000 $699,000
Common stockholders equity end of year $699,000 $780,000

Compute return on common stockholders equity for each year. (Round answer to 1 decimal place, e.g. 10.5.)

2019

2020

Return on common stockholders equity

%

%

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