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DO IT! 11.4b On Jan01 Corp purchased 5,000 shares of treasury stock. Other info regarding the corp is as follows: 2022 2021 Net Income
DO IT! 11.4b On Jan01 Corp purchased 5,000 shares of treasury stock. Other info regarding the corp is as follows: 2022 2021 Net Income 110,000 100,000 Dividends on Preferred Stock 30,000 30,000 Dividends on Common Stock 25,000 20,000 Weighted Average number of 45,000 50,000 common shares outstanding Common stockholders equity 750,000 600,000 beginning of the year Common stockholders equity I 830,000 750,000 end of year (a) Compute return on common stockholders' equity for each year, Return on common stockholders equity: 2021 2022
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