i need help figuring out the return on common equity, it isn't 0.06% or 6.09% so idk where to go from there

Brief Exercise 10-55 Stockholder Profitability Ratios The following information pertains to Capital Corporation: Net income Average common equity Preferred stock, $10 par, 230,000 issued, 10% cumulative Average common shares outstanding Required: Calculate the return on common equity and the earnings per share. Round your answers to two decimal places. Return on common equity Earnings per share $1,005,000 $16,500,000 $2,300,000 525,000 0.061 x % 1.48