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I need help with the Return on Common Stockholders Equity Net income $320,000 Preferred dividends 12,800 Average stockholders' equity 2,831,858 Average common stockholders' equity 1,484,058
I need help with the Return on Common Stockholders Equity
Net income | $320,000 |
Preferred dividends | 12,800 |
Average stockholders' equity | 2,831,858 |
Average common stockholders' equity | 1,484,058 |
Determine (a) the return on stockholders equity and (b) the return on common stockholders equity. If required, round your answers to one decimal place.
a. Return on Stockholders' Equity | 11.30% |
b. Return on Common Stockholders Equity |
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