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A corporation has the following account balances: Common stock, $1 par value, $51000; Paid-in Capital in Excess of Par, $820000. Based on this information, the
A corporation has the following account balances: Common stock, $1 par value, $51000; Paid-in Capital in Excess of Par, $820000. Based on this information, the average price per share issued is $5.66. legal capital is $871000. number of shares issued is 51000 . number of shares outstanding is 871000 . Assume that all balance sheet amounts for Marigold Company represent average balance figures. What is the return on common stockholders' equity for Marigold? 18.7% 13.5% 10.8% 16.0%
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