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*63. Information for Ramirez Corp. is given below: Ramirez Corp. Balance Sheet December 31. 2021 Year ended December 31,2021 Additional information: There are no preferred
*63. Information for Ramirez Corp. is given below: Ramirez Corp. Balance Sheet December 31. 2021 Year ended December 31,2021 Additional information: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. The rate of return for 2021 based on the year-end common stockholders' equity was a. 1,0503,519 b. 1,0503,564. c. 1,0053,519. d. 1,0053,564. Ans: C, LO: 6, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Analytic, AICPA BB: None, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: FSA, IFRS: None
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