Whitewater Adventurers Ltd. is a getaway resort in northern Ontario. The statement of Return on common changes in equity for the years ended December 31, 2015 and 2016, are shown below:

Instructions
1. Calculate the return on common shareholders' equity for 2016 and 2015.
2. Has the ratio improved or declined over the years? Do you have enough information to determine whether Whitewater Adventurers is performing to standard? If you do not have enough information, what additional information is needed to make this determination?

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Whitewater Adventurers Ltd. Statement of Changes in Equity For the Year Ended December 31, 2016 Accum. Other Compre. Income Preferred Shares Common Shares Retained Earnings Total Balance, January 1, 2016 Net income Dividends on preferred shares Dividends on common shares Issuance of shares $750,250 $1,356,000 $1,434 ,000 $ 6,400 $3,546,650 486,000 (100,000) (75,000) 486,000 (100.000) (75.000) 275.000 275.000 Unrealized gain on revaluation of assets 12,560 12,560 Balance, December 31, 2016 $750,250 $1,631,000 $1,745,000 $18,960 $4,145,210 Whitewater Adventurers Ltd. Statement of Changes in Equity For the Year Ended December 31, 2015 Accum. Other Compre. Income Preferred Shares Common Shares Retained Earnings Total Balance, January 1, 2015 Net income $750.250 $1.356,000 S 956,000 $3,600 $3,065,850 653,000 (100.000) (75,000) 653,000 (100.000) (75.000) Dividends on preferred shares Dividends on common shares Unrealized gain on revaluation of assets 2.800 2,800 $1,356,000 $1,434,000 $3,546,650 Balance, December 31, 2015 $750,250 $6,400