Question
The following financial information is available for Plummer Corporation. 2017 2016 Average common stockholders equity $1,140,000 $893,000 Dividends paid to common stockholders 53,500 30,500 Dividends
The following financial information is available for Plummer Corporation. 2017 2016
Average common stockholders equity $1,140,000 $893,000 Dividends paid to common stockholders 53,500 30,500 Dividends paid to preferred stockholders 21,000 21,000 Net income 280,000 210,000 Market price of common stock 22 16
The weighted-average number of shares of common stock outstanding was 79,000 for 2016 and 100,000 for 2017.
Calculate earnings per share and return on common stockholders equity for 2017 and 2016. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.)
2017 2016 Earnings per share $ $ Return on common stockholders equity % %
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