Profitability Analysis for Fairall Corp.

For the year ended September 26, 2015, Fairall Corporation reported net income of $2,600 million. Total shareholders' equity on this date was $19,128 million, and on September 27, 2014, it was $19,603 million. No preferred stock was outstanding in either year.

Required:

1. Compute Fairall's return on common stockholders' equity for the year ended September 26, 2015. Round your answer to two decimal places.