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Need help answering this questions below: Sheridan Company had net income of $68260 and paid dividends of $36500 to common stockholders and $16000 to preferred
Need help answering this questions below:
Sheridan Company had net income of $68260 and paid dividends of $36500 to common stockholders and $16000 to preferred stockholders in 2017. Sheridan Company common stockholders' equity at the beginning and end of 2017s was $450000 and $555000, respectively. Sheridan Company return on common stockholders' equity is
5%.
10%.
14%.
9%.
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