Question: Current Attempt in Progress On January 1, 2022, Blue Spruce Corp. purchased 1,200 shares of treasury stock. Other information regarding Blue Spruce Corp. is provided

Current Attempt in Progress

On January 1, 2022, Blue Spruce Corp. purchased 1,200 shares of treasury stock. Other information regarding Blue Spruce Corp. is provided as follows.

2022

2021

Net income

$220,000 $195,000

Dividends on preferred stock

$ 35,000 $ 35,000

Dividends on common stock

$ 26,000 $ 22,000

Weighted-average number of common shares outstanding

9,800 11,000

Common stockholders equity beginning of year

$685,000 $603,000

Common stockholders equity end of year

$763,000 $685,000

(a) Compute return on common stockholders equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.)

2022

2021

Return on common stockholders equity

enter return on common stockholders equity for 2022 in percentages rounded to 1 decimal place % enter return on common stockholders equity for 2021 in percentages rounded to 1 decimal place %

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