The following information pertains to Concord Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 42000 Accounts receivable (net) 24000 Inventory 18000 Property, plant and equipment (net) 320000 Total Assets $404000 Liabilities and Stockholders’ Equity Current liabilities $ 40000 Long-term liabilities 57750 Stockholders’ equity—common 306250 Total Liabilities and Stockholders’ Equity $404000 Income Statement Sales (net) $ 190000 Cost of goods sold 62000 Gross profit 128000 Operating expenses 30000 Net income $ 98000 Number of shares of common stock 8000 Market price of common stock $20 Dividends per share 0.60 What is the return on common stockholders’ equity for Concord?