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Brief Exercise 14-8 Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $52,000, and had an ending balance in retained earnings
Brief Exercise 14-8 Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $52,000, and had an ending balance in retained earnings of $350,000. Common stockholders equity was $680,000 at the beginning of the year and $840,000 at the end of the year. Compute the return on common stockholders equity.
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