Assume that Apex, Inc. has the following data: Net income for 2014 ...............$ 127,000 Preferred dividends for

Question:

Assume that Apex, Inc. has the following data:

Net income for 2014 ...............$ 127,000

Preferred dividends for 2014 ............ 23,000

Total shareholders’ equity, 12/31/2014 .....1,627,000

Total shareholders’ equity, 12/31/2013 .....1,589,000

Common shareholders’ equity, 12/31/2014 .....1,484,000

Common shareholders’ equity, 12/31/2013 .....1,392,000

Requirements

1. Calculate Apex’s return on equity for 2014.

2. Calculate Apex’s return on common equity for 2014.

3. Comment on Apex’s performance during 2014.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:45 AM

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Assume that Apex, Inc. has the following data: Net income for 2014 ...............$ 127,000 Preferred dividends for

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Req 1 Rate of return on shareholders equity Net income Average shareholders equity 127000 1627...View the full answer

Financial Accounting

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