Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $54,900; total assets, $189,400; common stock, $86,000; and retained earnings, $42,867.)

CABOT CORPORATION Income Statement For Year Ended December 31, 2017
Sales	$	455,600
Cost of goods sold		296,950
Gross profit		158,650
Operating expenses		99,000
Interest expense		4,500
Income before taxes		55,150
Income taxes		22,217
Net income	$	32,933

CABOT CORPORATION Balance Sheet December 31, 2017
Assets				Liabilities and Equity
Cash	$	12,000		Accounts payable	$	15,500
Short-term investments		9,200		Accrued wages payable		3,400
Accounts receivable, net		33,800		Income taxes payable		4,100
Notes receivable (trade)*		7,000
Merchandise inventory		38,150		Long-term note payable, secured by mortgage on plant assets		71,400
Prepaid expenses		2,750		Common stock		86,000
Plant assets, net		153,300		Retained earnings		75,800
Total assets	$	256,200		Total liabilities and equity	$	256,200

* These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following: 11) return on common stockholders' equity. (Do not round intermediate calculations.)

(11)	Return on Common Stockholders' Equity
	Choose Numerator:			/	Choose Denominator	=	Return On Common Stockholders' Equity
	Net income	-	Preferred dividends	/	Average common stockholders' equity	=	Return on common stockholders' equity
2017:	$32,993	-		/		=	0	%