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All sales were made on account. Cash dividends declared during the year totaled $11,892. Claret Corporation's gross profit rate for Year 2 is: Multiple Choice

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All sales were made on account. Cash dividends declared during the year totaled $11,892. Claret Corporation's gross profit rate for Year 2 is: Multiple Choice 60.03%. 39.97%. 33.12%. 66.59%. Coronet Corporation has total stockholders' equity of $5,200,000. The company's outstanding capital stock includes 100,000 shares of $6 par value common stock and 12,000 shares of 5%,$100 par value preferred stock. (No dividends are in arrears.) The book value per share of common stock is: Multiple Choice $34. $40. $35. $52

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