Katie Inc. reported net income of $186,000 during 2014 and paid dividends of $26,000 on common stock.
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Katie Inc. reported net income of $186,000 during 2014 and paid dividends of $26,000 on common stock.
It also has 10,000 shares of 6%, $100 par value, noncumulative preferred stock outstanding. Common stockholders’ equity was $1,200,000 on January 1, 2014, and $1,600,000 on December 31, 2014. The company’s return on common stockholders’ equity for 2014 is:
(a) 10.0%. (ee ilgar
(b) 9.0%.
(d) 13.3%.
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Related Book For
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
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