Question
A company reports the following: Net income $290,000 Preferred dividends 11,600 Average stockholders' equity 2,338,710 Average common stockholders' equity 1,442,487 Determine (a) the return on
A company reports the following:
| Net income | $290,000 |
| Preferred dividends | 11,600 |
| Average stockholders' equity | 2,338,710 |
| Average common stockholders' equity | 1,442,487 |
Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. If required, round your answers to one decimal place.
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
