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Current Attempt in Progress Sandhill Corporation's statement of financial position at December 31, 2024, appears as follows: For the year just ended, Sandhill reported net
Current Attempt in Progress Sandhill Corporation's statement of financial position at December 31, 2024, appears as follows: For the year just ended, Sandhill reported net income of $577,500. During the year, the company declared preferred dividends of $50,254 and common dividends of $348,221. Using year-end amounts for assets and shareholders' equity, calculate the following ratios for Sandhill: (Round answers to 1 decimal place, e.g. 15.2\%) i. Return on assets, using net income in the calculation Return on assets % ii. Dividend payout ratio Dividend payout ratio % iii. Return on common shareholders' equity Return on common shareholders' equity Attempts: 2 of 3 used
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