Lofty Exploration Company reported these figures for 2014 and 2013:

Compute rate of return on common stockholders€™ equity for 2014 assuming no dividends were paid to preferredstockholders.

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2014 2013 Income Statement- partial: Net Income $ 17,900,000 19,100,000 Balance Sheet- partial: Dec. 31, 2014 Dec. 31, 2013 Total Assets $328,000,000 318,000,000 2,400,000 178,000,000 171,000,000 3,000,000 $184,400,000 $176,400,000 2,400,000 Preferred Stock Common Stock Retained Earnings Total Stockholders' Equity 4,000,000