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In 2022 , Wildhorse Corporation had net sales of $592,000 and cost of goods sold of $350,000. Operating expenses were $149,000, and interest expense was
In 2022 , Wildhorse Corporation had net sales of $592,000 and cost of goods sold of $350,000. Operating expenses were $149,000, and interest expense was $6,000. The corporation's tax rate is 20%. The corporation declared preferred dividends of $14,500 in 2022 , and its average common stockholders' equity during the year was $198,000. WILDHORSE CORPORATION Income Statement Compute Wildhorse Corporation'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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