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Wally Inc. had the following information in its financial statements for the years ended 2016 and 2017: Cash dividends for the year 2017 $ 15,000

Wally Inc. had the following information in its financial statements for the years ended 2016 and 2017: Cash dividends for the year 2017 $ 15,000 Net income for the year ended 2017 97,000 Market price of stock, 12/31/16 10 Market price of stock, 12/31/17 12 Common stockholders equity, 12/31/16 1,000,000 Common stockholders equity, 12/31/17 1,200,000 Outstanding shares, 12/31/17 100,000 Preferred dividends for the year ended 2018 15,000 What is the rate of return on common stock equity for Sealy Corporation for the year ended 2017?

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