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A company reports the following: Net income $166,530 Preferred dividends $14,210 Average stockholders' equity $1,695,540 Average common stockholders' equity $833,430 Round percentages to one decimal
A company reports the following:
| Net income | $166,530 |
| Preferred dividends | $14,210 |
| Average stockholders' equity | $1,695,540 |
| Average common stockholders' equity | $833,430 |
Round percentages to one decimal place.
a. Determine the rate earned on stockholders' equity.
b. Determine the rate earned on common stockholders' equity. %
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
