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The Following Information Is Available for Evans Corporation Instructions
Compute the Return on Common Stockholders' Equity for Both

Question 157

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The following information is available for Evans Corporation: 20172016 Average common stockholders’ equity $1,500,000$1,000,000 Average total stockholders’ equity 2,000,0001,500,000 Common dividends declared and paid 72,00050,000 Preferred dividends declared and paid 30,00030,000 Net income 350,000300,000\begin{array}{lrr}& \underline{2017}& \underline{2016}\\\text { Average common stockholders' equity } & \$ 1,500,000 & \$ 1,000,000 \\\text { Average total stockholders' equity } & 2,000,000 & 1,500,000 \\\text { Common dividends declared and paid } & 72,000 & 50,000 \\\text { Preferred dividends declared and paid } & 30,000 & 30,000 \\\text { Net income } & 350,000 & 300,000\end{array} Instructions
Compute the return on common stockholders' equity for both years. Briefly comment on your findings.

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