Stockholder Profitability Ratios The following information pertains to Capital Corporation: Net income $2,420,000 Average common equity $18,250,000 Preferred stock, $10 par, 310,000 issued, 10% cumulative $3,100,000 Average common shares outstanding 675,000 Required: Calculate the return on common equity and the earnings per share. Round your answers to two decimal places. 13.26 X % Return on common equity > Earnings per share 1.01 X Feedback Check My Work Return on common equity measures the earnings after preferred dividends, in proportion to common equity. Earnings per share measures the earnings after preferred dividends, for each share of common stock