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The following financial information is available for Plummer Corporation. 2017 2016 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 Plummer Corporation.
2017 | 2016 | |
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 was76,000for 2016 and104,000for 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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