Question
Cornerstone Exercise 10-37 (Algorithmic) Stockholder Profitability Ratios The following information pertains to Montague Corporation: Net income $47,000 Average common equity $1,500,000 Preferred dividends $7,500 Average
Cornerstone Exercise 10-37 (Algorithmic) Stockholder Profitability Ratios
The following information pertains to Montague Corporation:
| Net income | $47,000 |
| Average common equity | $1,500,000 |
| Preferred dividends | $7,500 |
| Average common shares outstanding | 100,000 |
Required:
Calculate the return on common equity and the earnings per share. Round your answers to two decimal places.
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Advanced Cost Accounting
Authors: J.K. Mitra
1st Edition
8122425941, 978-8122425949
