Compute return on common stockholders equity for each year

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On January 1, 2020, Oriole Corporation purchased 1,200 shares of treasury stock. Other information regarding Oriole Corporation is provided as follows.

                                                                                      2019                                2020

Net income                                                    $195,000                 $220,000
Dividends on preferred stock                             $30,000                    $30,000
Dividends on common stock                               $18,000                     $23,000
Common stockholders' equity beginning of year   $605,000                      $656,000
Common stockholders' equity end of year         $656,000                         $741,000

Question 1: Compute return on common stockholders' equity for each year.

Reference no: EM132606950

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