A company reports the following: Net income ............................................................................. $1,225,000 Preferred dividends ..................................... ................................ 47,800 Average stockholders equity
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A company reports the following:
Net income ............................................................................. $1,225,000
Preferred dividends ..................................... ................................ 47,800
Average stockholders’ equity ................................................. 8,750,000
Average common stockholders’ equity ................................ 5,400,000
Determine
(a) The return on stockholders’ equity and
(b) The return on common stockholders’ equity. Round percentages to one decimal place.
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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