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The following financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders equity $1,140,000 $870,000 Dividends paid to common stockholders 45,000 29,000 Dividends
The following financial information is available for Cullumber Corporation.
2020 | 2019 | |||
Average common stockholders equity | $1,140,000 | $870,000 | ||
Dividends paid to common stockholders | 45,000 | 29,000 | ||
Dividends paid to preferred stockholders | 16,000 | 16,000 | ||
Net income | 295,000 | 205,000 | ||
Market price of common stock | 22 | 16 |
The weighted-average number of shares of common stock outstanding was 76,000 for 2019 and 104,000 for 2020. Calculate earnings per share and return on common stockholders equity for 2020 and 2019. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.)
2020 | 2019 | |||||
Earnings per share | $ | $ | ||||
Return on common stockholders equity | % | % |
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