Return on Common Stockholders' Equity
Smith & Sons, Inc., disclosed the following information in a recent annual report:
2015 2016
Net Income $63,000 $99,000
Preferred stock dividends 5,400 5,400
Average common stockholders' equity 2,400,000 3,000,000
Dividend per common share 2.16 2.16
Earnings per share 3.80 4.10
Market price per common share, year-end 39.00 42.00
Calculate the return on common stockholders' equity for Smith & Sons for 2015 and 2016.
Round answers to one decimal place. (Ex. 0.2345 = 23.5%)
2015 Answer
%
2016 Answer%
Did the return improve from 2015 to 2016?
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