Question
North Company reports the following amounts for 2015: Net income $ 160,000 Average stockholders equity 2,000,000 Preferred dividends 45,000 Par value preferred stock 250,000 The
North Company reports the following amounts for 2015: Net income $ 160,000 Average stockholders equity 2,000,000 Preferred dividends 45,000 Par value preferred stock 250,000 The 2015 rate of return on common stockholders equity is:
Answer
| A) | 5.8%. | |
| B) | 6.6%. | |
| C) | 8.0%. | |
| D) | 9.1%. |
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
