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A company reports the following: Net income $139,740 Preferred dividends $9,120 Average stockholders' equity $1,127,880 Average common stockholders' equity $865,910 Round percentages to one decimal
A company reports the following:
| Net income | $139,740 |
| Preferred dividends | $9,120 |
| Average stockholders' equity | $1,127,880 |
| Average common stockholders' equity | $865,910 |
Round percentages to one decimal place.
a. Determine the rate earned on stockholders' equity. {C}
b. Determine the rate earned on common stockholders' equity. %
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