E10-468. Calculating return on equi ty (Learning Objective 8) 10-15 min. Assume that Skippito, Inc., has the following data: Net income for 2010 Preferred dividends for 2010 Total stockholders' equity, 12/31/2010 Total stockholders' equity, 12/31/2009 Common stockholders' equity, 12/31/2010. Common stockholders' equity, 12/31/2009 223,000 $ 23,000 $1,009,000 $1,384,000 987,000 $1,207,000 Requirements 1. Calculate Skippito's return on equity for 2010. 2. Calculate Skippito's return on common equity for 2010. 3. Comment on Skippito's performance during 2010