Problem: Earnings Per Share (EPS) & Return on Equity (ROE) The following financial information is available for XYZ Corporation. 2017 2016 Average owners' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income $980,000 $720,000 50,000 40,000 191,000 70,000 45,000 250,000 The weighted average number of shares of common stock outstanding was 40,000 for 2016 and 50,000 f Instructions Calculate earnings per share and return on common stockholders' equity for 2016 and 2017. 2017