Shown below is the liabilities and stockholders equity section of the balance sheet for Stellar Company and Pearl Company. Each has assets totaling $4,105,000.

Stellar Co.				PearlCo.
Current liabilities		$324,000		Current liabilities		$384,000
Long-term debt, 9%		1,240,000		Common stock ($20 par)		3,070,000
Common stock ($20 par)		1,890,000		Retained earnings (Cash dividends, $355,000)		651,000
Retained earnings (Cash dividends, $222,000)		651,000
		$4,105,000				$4,105,000

For the year, each company has earned the same income before interest and taxes.

		Stellar Co.		Pearl Co.
Income before interest and taxes		$1,280,000		$1,280,000
Interest expense		111,600		0
		1,168,400		1,280,000
Income taxes (45%)		525,780		576,000
Net income		$642,620		$704,000

At year end, the market price of Stellars stock was $101 per share, and Pearls was $63.50. Assume balance sheet amounts are representative for the entire year.

(a) Calculate the return on total assets?

(b) Calculate the return on common stock equity?

(c) Calculate the Net income per share.

What is the book value per share for each company?