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Common stockholders' profitability analysis A company reports the following: Line Item Description Amount Net income $220,000 Preferred dividends 8,800 Average stockholders' equity 2,018,349 Average common
Common stockholders' profitability analysis
A company reports the following:
Line Item Description | Amount |
---|---|
Net income | $220,000 |
Preferred dividends | 8,800 |
Average stockholders' equity | 2,018,349 |
Average common stockholders' equity | 1,173,333 |
Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. Round percentages to one decimal place.
Line Item Description | Percentage |
---|---|
a. Return on Stockholders' Equity | |
b. Return on Common Stockholders Equity |
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