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In 2022, Crane Corporation had net sales of $591,000 and cost of goods sold of $352,000. Operating expenses were $148,000, and interest expense was $5,500.
In 2022, Crane Corporation had net sales of $591,000 and cost of goods sold of $352,000. Operating expenses were $148,000, and interest expense was $5,500. The corporation's tax rate is 20%. The corporation declared preferred dividends of $10,500 in 2022 , and its average common stockholders' equity during the year was $206,000. - Compute Crane Corporation's return on common stockholders' equity for 2022. (Round answer to 1 decimal place, e.g. 10.5\%.) Return on common stockholders' equity % eTextbook and Media
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