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Return on Common Stockholders' Equity Smith & Sons, Inc., disclosed the following information in a recent annual report: 2015 2016 Net Income $87,500 $137,500 Preferred
Return on Common Stockholders' Equity Smith & Sons, Inc., disclosed the following information in a recent annual report: 2015 2016 Net Income $87,500 $137,500 Preferred stock dividends 7,500 7,500 Average common stockholders' equity 3,360,000 4,200,000 Dividend per common share 3.00 3.00 5.32 5.74 Earnings per share 54.60 58.80 Market price per common share, year-end Calculate the return on common stockholders' equity for Smith & Sons for 2015 and 2016. Round answers to one decimal place. (Ex. 0.2345 = 23.5%) 2015 96 2016 96 from 2015 to 2016. Did the return improve from 2015 to 2016? The return on common stockholders' equity
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