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Player Holland Corporation's annual report is as follows.

Player Holland Corporation's annual report is as follows.

Player Holland Corporation's annual report is as follows.

     March 31, 2016    March 31, 2017  
Net Income $ 353 comma 000$353,000 $ 433 comma 500$433,500  
Preferred Dividends 0 0  
Total Stockholders' Equity $ 4 comma 240 comma 000$4,240,000 $ 5 comma 102 comma 000$5,102,000  
Stockholders' Equity attributable to Preferred Stock 0 0  
Number of Common Shares Outstanding 289 comma 000289,000 203 comma 000203,000

 

Based on the information provided, find the rate of return on common stockholders' equity on March 31, 2017. (Round your final answer two decimal places.)

Rosa Parks 06-Nov-2017

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