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Crane Inc. reported net income of $200000 during 2020 and paid dividends of $20000 on common stock. It also has 9500 shares of 6%,$100 par
Crane Inc. reported net income of $200000 during 2020 and paid dividends of $20000 on common stock. It also has 9500 shares of 6%,$100 par value preferred stock outstanding. Common stockholders' equity was $1100000 on January 1, 2020, and \$1500000 on December 31, 2020. The company's return on common stockholders' equity for 2020 is: 11.0%13.4%11.1%15.4%
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