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Kristal Corporations net income last year was $600,000. The company paid preferred dividends of $200,000 to the owners of its preferred stock. The average total
Kristal Corporations net income last year was $600,000. The company paid preferred dividends of $200,000 to the owners of its preferred stock. The average total stockholders equity was $7,000,000 and the average preferred stock was $2,000,000. What was the companys return on common stockholders equity
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