Stockholder Profitability Ratios The following information pertains to Capital Corporation: Net income $1,005,000 Average common equity $16,500,000 Preferred stock, $10 par, 230,000 issued, 10% cumulative $2,300,000 Average common shares outstanding 525,000 Required: Calculate the return on common equity and the earnings per share. Round your answers to two decimal places. Return on common equity fill in the blank 1 % Earnings per share $fill in the blank 2

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Stockholder Profitability Ratios

The following information pertains to Capital Corporation:

Net income $1,005,000
Average common equity $16,500,000
Preferred stock, $10 par, 230,000 issued, 10% cumulative $2,300,000
Average common shares outstanding 525,000

Required:

Calculate the return on common equity and the earnings per share. Round your answers to two decimal places.

Return on common equity fill in the blank 1 %
Earnings per share $fill in the blank 2  
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