From the following information, calculate the return on common equity for the year 2012 (amounts in millions

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From the following information, calculate the return on common equity for the year 2012 (amounts in millions of dollars). There were no share repurchases.

Common stockholders' equity, December 31, 2011 ....................... 174.8

Dividends paid to common stockholders ............................................. 8.3

Share issue on December 31, 2012 .................................................... 34.4

Common stockholders' equity, December 31, 2012 ....................... 226.2

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Financial Statement Analysis and Security Valuation

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Authors: Stephen Penman

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From the following information, calculate the return on common equity for the year 2012 (amounts in millions

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