The following data are taken from the financial statements, determine for the current year the
(a) Rate earned on total assets,
(b) Rate earned on stockholders' equity,
(c) Rate earned common stockholders' equity,
(d) Earnings per share on common stock,
(e) Price-earnings ratio on common stock, and yield on common stock. The current market price per share of common stock is $25.

Round your answers to one decimal place except earnings per share, which should be rounded to the nearest cent.
I got everything correct except the "Rate earned on stockholders' equity". My conclusion was 6.5%, but it is marked as incorrect.
Closing stockholder's equity = 250,000 + 1,200,000 + 230,000 + 110,000 - 25,000 - 70,000 = $1,695,000
Opening stockholder's equity = 250,000 + 1,200,000 + 160,000 + 155,000 - 25,000 - 60,000 = $1,680,000
Rate earned on stockholder's equity = 110,000/1,695,000 + 1,680,000/2 = 110,000/1,687,500 = 0.06518... = 6.5%
What am I doing wrong?

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Current Year Preceding Year $745,000 $820,000 Current assets 1,400,000 Property, plant, and equipment 1,510,000 Current liabilities 160,000 (non-interest-bearing) 140,000 Long-term liabilities, 12% 400,000 400,000 Preferred 10% stock 250,000 250,000 Common stock, $25 par 1,200,000 1,200,000 Retained earnings, beginning of year 230,000 160,000 Net income for year 110,000 155,000 Preferred dividends declared (25,000) (25,000) (70,000) Common dividends declared (60,000)