Splish Brothers Inc. had net income of $168900 and paid dividends of $45500 to common stockholders and $17000 to preferred stockholders in 2020. Splish Brothers Inc.’s common stockholders’ equity at the beginning and end of 2020 was $880000 and $1080000, respectively. Splish Brothers Inc.’s return on common stockholders’ equity was

11.50%.

15.50%.

12.50%.

17.50%.