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in 2022 carla vista corporation had net sales of 594,000 and cost of goods sold of $350,000 operating expenses were $152,000 and interest expense was
in 2022 carla vista corporation had net sales of 594,000 and cost of goods sold of $350,000 operating expenses were $152,000 and interest expense was $7500 the corporation's tax rate is 20% the corporation declared preferred dividends of $12,000 in 2022 and its average common stockholders' equity during the year was $166,000
Prepare an income statement for Carla Vista Corporation. Compute Carla Vista Corporation's return on common stockholders' equity for 2022. (Round answer to 1 decimal place, es. 10.5\%.)Step by Step Solution
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