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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
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.)
a. Return on stockholders equity | % |
b. Return on common stockholders equity | % |
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