Return on Common Stockholders' Equity Smith & Sons, Inc., disclosed the following information in a recent annual report:

			2015		2016
Net Income			$136,500		$214,500
Preferred stock dividends			11,700		11,700
Average common stockholders' equity			4,080,000		5,100,000
Dividend per common share			4.68		4.68
Earnings per share			6.46		6.97
Market price per common share, year-end			66.30		71.40

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 Answer:

2016 Answer: