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x Your answer is incorrect. Try again. On January 1, 2017, Cheyenne Corp. purchased 5,500 shares of treasury stock. Other information regarding Cheyenne Corp. is
x Your answer is incorrect. Try again. On January 1, 2017, Cheyenne Corp. purchased 5,500 shares of treasury stock. Other information regarding Cheyenne Corp. is provided as follows. 2017 2016 Net income Dividends on preferred stock Dividends on common stock Weighted-average number of common shares outstanding Common stockholders' equity beginning of year Common stockholders' equity end of year $111,000 $101,000 $27,000 $27,000 $25,000 $20,200 48,000 51,000 $715,200 $459,000 $952,800 $612,000 Compute return on common stockholders' equity for each year. (Round answers to 1 decimal place, e.g. 15.2.) 2017 2016 Return on common stockholders' equity 13.3 18.9
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