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 was 76,000 for 2016 and 104,000 for 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.)