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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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Financial Accounting The Cornerstone Of Business Decision Making
Authors: Jay S Rich, Jeff Jones, Linda Ann Myers
5th Edition
0357132696, 978-0357132692
