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Financial statement information follows as of the end of each year. 2021 2020 Common stockholders equity $ 280,000 $ 238,000 Net income 134,000 90,000 Tax
Financial statement information follows as of the end of each year.
2021 | 2020 | |
Common stockholders equity | $ 280,000 | $ 238,000 |
Net income | 134,000 | 90,000 |
Tax expense | 22,000 | 18,000 |
Interest expense | 12,000 | 12,000 |
Dividends paid to preferred stockholders | 20,000 | 20,000 |
Dividends paid to common stockholders | 15,000 | 10,000 |
Compute the return on common stockholders equity for 2021.
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