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Bramble Corp. had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 $4900 Net
Bramble Corp. had the following information in its financial statements for the years ended 2017 and 2018:
Cash dividends for the year 2018 | $4900 |
Net income for the year ended 2018 | 97900 |
Market price of stock, 12/31/17 | 8 |
Market price of stock, 12/31/18 | 10 |
Common stockholders equity, 12/31/17 | 999000 |
Common stockholders equity, 12/31/18 | 1196000 |
Outstanding shares, 12/31/18 | 100900 |
Preferred dividends for the year ended 2018 | 14300 |
What is the rate of return on common stock equity for Bramble Corp. for the year ended 2018?
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