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can anyone help me with this? On January 1, 2022, Larkspur, Inc. purchased 1,600 shares of treasury stock. Other information regarding Larkspur, Inc. is provided
can anyone help me with this?
On January 1, 2022, Larkspur, Inc. purchased 1,600 shares of treasury stock. Other information regarding Larkspur, Inc. is provided as follows. 2022 2021 Net income $210,000 $195,000 Dividends on preferred stock $ 33,000 $ 33,000 Dividends on common stock $ 25,000 $ 19,000 Weighted-average number of common shares outstanding 9,400 11,000 Common stockholders' equity beginning of year $746,000 $598,000 Common stockholders' equity end of year $821,000 $746,000 (a) Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.) Compute return on common stockholders' equity for each year. (Round return on common stockholders' to 1 decimal place, e.g. 10.5.) 2022 2021 Return on common stockholders' equity Step by Step Solution
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