Question
A company reports the following: Net income $ 750,000 Preferred dividends 150,000 Average stockholders equity 5,000,000 Average common stockholders equity 3,750,000 Determine (a) the return
A company reports the following:
| Net income | $ 750,000 |
| Preferred dividends | 150,000 |
| Average stockholders equity | 5,000,000 |
| Average common stockholders equity | 3,750,000 |
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Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. Round percentages to one decimal place.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
18th Edition
1119790972, 9781119790976
