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Kong inc reported net income of 298,000 during 2018 and paid dividends of 26,000 on common stock. It also has 10,000 shares of 6%, 100
Kong inc reported net income of 298,000 during 2018 and paid dividends of 26,000 on common stock. It also has 10,000 shares of 6%, 100 par value cumulative preferred stock outstanding. Common stockholders equity was $1,200 on January 1, 2018 and $1,600,000 on December 31, 2018. The companys return on common stockholders equity for 2018 is?
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