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During 2019, Crockett, Inc.s net income was $200,000. Its common stockholders equity was $700,000 at January 1, 2019 and $800,000 at December 31, 2019. During
During 2019, Crockett, Inc.s net income was $200,000. Its common stockholders equity was $700,000 at January 1, 2019 and $800,000 at December 31, 2019. During December 2019, Crocketts board of directors declared a $25,000 preferred stock dividend and a $60,000 common stock dividend. What is Crocketts 2019 return on common stockholders equity?
Select one: a. 15.6%. b. 10.0%. c. 23.0% d. 16.7%. e. none of the above
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