Determine the return on stockholders equity

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Question - A company reports the following:

Net income $290,000

Preferred dividends 11,600

Average stockholders' equity 2,457,627

Average common stockholders' equity 1,465,263

Required - Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place.

Reference no: EM133119205

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