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In its first year, a corporation reported sales revenue of $1,100,000, net income of $186,000 and paid dividends of $26,000 to common stockholders. It also
In its first year, a corporation reported sales revenue of $1,100,000, net income of $186,000 and paid dividends of $26,000 to common stockholders. It also paid dividends on its 10,000 shares of 6%, $100 par value, noncumulative preferred stock, Common stockholders' equity was $1.200,000 at the start of the year and $1,600,000 at the end of the year. How much is the company's return on common stockholders' equity in its first year? O 11.11% 9.0% 10.0% 13.3% 7.1%
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