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In 2022, Marigold Corp. had net sales of $597,000 and cost of goods sold of $354,000. Operating expenses were $148,600, and interest expense was $6,400.

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In 2022, Marigold Corp. had net sales of $597,000 and cost of goods sold of $354,000. Operating expenses were $148,600, and interest expense was $6,400. The corporation's tax rate is 30%. The corporation declared preferred dividends of $13,784 in 2022 its average common stockholders' equity during the year was $172,000. (a) Predare an income statement for Marigold Corb.. Compute Marigold Corp.'s return on common stockholders' equity for 2022 . (Round answer to 1 decimal place, e.g. 10.5\%.) Return on common stockholders' equity %

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