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Presented below is information related to Waterway Industries: December 31, 2018 2017 9900 Common stock 5% Preferred stock Retained earnings (includes net income for current

Presented below is information related to Waterway Industries: December 31, 2018 2017 9900 Common stock 5% Preferred stock Retained earnings (includes net income for current year 90800 Net income for year $75400 349000 349000 75500 32500 34700 What is Waterway's rate of return on common stock equity for 2018? O 10.3% O 23.0% O 20.8% O 11.496

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