Return on Equity Evans & Sons, Inc., disclosed the following information in a recent annual report: Net Income Average stockholders' equity Dividend per common share Earnings per share Market price per common share, year-end Previous Year Current Year $35,000 $48,000 1,000,000) 1,500,000 1.90 2.00 2.85 3.20 19.00 21.00 Calculate the return on equity for Evans & Sons for each year. Did the return improve? Net income Previous Year S Current Year Numerator Denominator Average stockholders' equity 66.7 x 0x 62.5 x 0x Did the return improve? The return on common stockholders' equity decreased from the previous year to the current year. Check ROE