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The following financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders equity $1,160,000 $865,000 Dividends paid to common stockholders 48,000 29,500 Dividends
The following financial information is available for Cullumber Corporation. 2020 2019 Average common stockholders equity $1,160,000 $865,000 Dividends paid to common stockholders 48,000 29,500 Dividends paid to preferred stockholders 17,000 17,000 Net income 300,000 190,000 Market price of common stock 20 16 The weighted-average number of shares of common stock outstanding was 78,000 for 2019 and 100,000 for 2020.
Calculate earnings per share and return on common stockholders equity for 2020 and 2019.
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