On January 1, 2022, Vaughn Corporation purchased 1,200 shares of treasury stock. Other information regarding Vaughn Corporation is provided as follows.
2022
Net income $195,000
Dividends on preferred stock 31,000
Dividends on common stock 21,000
Common stockholders’ equity beginning of year 599,000
Common stockholders’ equity end of year 665,000
2021
Net income $210,000
Dividends on preferred stock 31,000
Dividends on common stock 24,000
Common stockholders’ equity beginning of year 665,000
Common stockholders’ equity end of year 743,000
(a) Compute return on common stockholders’ equity for each year. (Round answers to 1 decimal place, e.g. 10.5%.)