Module 7 Problem Set 1. BE 1408 ALGO CO 2 BE 1403 ALGO 3. BE 14:06 ALOO 4. BE 14 11 ALOO 5 BE 14.05 ALGO 6. BE 1402 ALGO 7. BE 14 10 ALOO & BE 14.09 ALGO 9BE 14.04 ALGO 10 BE 14 01 ALGO Common Stockholders' Profitability Analysis A company reports the following: Net income Preferred dividends Average stockholders equity Average common stocked equity $310,000 12,400 1471267 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place. Return on Stockholders' Equity b. Return on Common Stackers out a. Divide net income by average stockholders' equity. b. Divide net income minus preferred dividends by average common stockholders' equity.