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Average Common Stockholders' Equity, Return on Stockholders' Equity Rebert Inc. showed the following balances for last...

Average Common Stockholders' Equity, Return on Stockholders' Equity

Rebert Inc. showed the following balances for last year:

January 1 December 31
Stockholders' equity:
Preferred stock, $100 par, 8% . $ 4,000,000 $ 4,000,000
Common stock, $3 par 3,000,000 3,000,000
Additional paid-in capital* 4,800,000 4,800,000
Retained earnings 4,000,000 4,250,000
Total stockholders' equity $15,800,000 $16,050,000
* For common stock only.

Rebert's net income for last year was $3,182,000.

Required:

1. Calculate the average common stockholders' equity.
$______

2. Calculate the return on stockholders' equity.

%_____

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