Return on Common Stockholders' Equity Smith & Sons, Inc., disclosed the following information in a recent annual report:

			2015		2016
Net Income			$105,000		$165,000
Preferred stock dividends			9,000		9,000
Average common stockholders' equity			3,120,000		3,900,000
Dividend per common share			3.60		3.60
Earnings per share			4.94		5.33
Market price per common share, year-end			50.70		54.60

Calculate the return on common stockholders' equity for Smith & Sons for 2015 and 2016.

Round answers to one decimal place. (Ex. 0.2345 = 23.5%) 2015 Answer% 2016 Answer%

Did the return improve from 2015 to 2016? The return on common stockholders' equity Answerdeclinedimproved from 2015 to 2016.