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Comparative financial statement data of Hanfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the additional finencial information.)
Comparative financial statement data of Hanfield, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the additional finencial information.) (Click the icon to view the balance sheet.) Read the Requirement 1g. Compute the rate of return on common stockholders' equity for 2024 and 2023 Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of return on common stockholders' equity = (Net income - Preferred dividends) + Average common stockholder's equity Now, compute the rate of return on common stockholders' equity for 2024 and 2023. (Round your answers to one tenth of a percent, X. Do not enter the %. For example, enter 10.2% as 10.2.) Income Statement the icon to view the addition bn.) requirements Merchandise Inventory * Selected 2022 amounts Additional Financial Information 1. Market price of Hanfield's common stock: $48.64 at December 31, 2024, and $28.08 at December 31, 2023 2. Common shares outstanding: 14,000 on December 31,2024 and 13,000 on December 31,2023 and 2022 3. All sales are on credit
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