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Consider the Following Financial Statement Information Calculate the Return on Common Equity and Earnings Per Share

Question 166

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Consider the following financial statement information:
20152014 Preferred Stock $4,500$4,000 Total Stockhalders Equity $49,050$45,900 Net Income $10,002 Stock Price per Common Share $113 Common Dividends $521 Preferred Dividends $140 Purchases of Treasury Stock $8,061 Dividends per Common Share $1.30 Average Common SharesOutstanding 400\begin{array}{ll}& \underline { 2015 }& \underline { 2014 }\\\text { Preferred Stock } & \$ 4,500&\$ 4,000 \\\text { Total Stockhalders Equity } & \$ 49,050&\$ 45,900 \\\text { Net Income } & \$ 10,002 \\\text { Stock Price per Common Share } & \$ 113 \\\text { Common Dividends } & \$ 521 \\\text { Preferred Dividends } & \$ 140 \\\text { Purchases of Treasury Stock } & \$ 8,061 \\\text { Dividends per Common Share } & \$ 1.30\\\\ \text { Average Common SharesOutstanding } & 400\end{array} Calculate the return on common equity and earnings per share ratios.

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Return on common equity: ($10,...

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