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On January 1, 2022, Oriole Company purchased 1,600 shares of treasury stock. Other information regarding Oriole Company is
provided as follows.
2022
2021
Net income
$220,000
$195,000
Dividends on preferred stock
$ 26,000
$ 26,000
Dividends on common stock
$ 26,000
$ 22,000
Weighted-average number of common shares outstanding
9,400
11,000
Common stockholders' equity beginning of year
$667,000
$604,000
Common stockholders' equity end of year
$749,000 $667,000
(a)
Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, eg. 10.5.)
Return on common stockholders' equity
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2022
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2021
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