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King Incorporated reported net income of $300,000 during 2018, and it has 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. Common
King Incorporated reported net income of $300,000 during 2018, and it has 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. Common stockholders' equity was $1,900,000 on January 1, 2018, and $2,100,000 on December 31, 2018. The company's return on common stockholders' equity for 2018 is A) 10.0% B) 12.5% C) 15.0% D) 17.50% E) none of the above Go tv
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