The Following Information Is Available for Richmond Hill Corporation Instructions
Based on the Preceding Information Calculate Return on Common

The following information is available for Richmond Hill Corporation: $\begin{array}{lr}\text { Beginning common stockholders' equity } & \$ 700,000 \\\text { Dividends paid to common stockholders } & 50,000 \\\text { Dividends paid to preferred stockholders } & 30,000 \\\text { Ending common stockholders' equity } & 1,000,000 \\\text { Net income } & 200,000\end{array}$
Instructions
Based on the preceding information calculate return on common stockholders' equity.