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On December 31, Mercury Corporation has the following data available: Net Income 2019 2018 $100,000 $ 75,000 Common Stock Dividends $ 10,000 Total Assets
On December 31, Mercury Corporation has the following data available: Net Income 2019 2018 $100,000 $ 75,000 Common Stock Dividends $ 10,000 Total Assets at End of Year $850,000 $ 10,000 $780,000 Total Equity at End of Year $550,000 $490,000 What is return on common equity for 2019? (Round your final answer to two decimal places) O 11.45% O 19.23% O 21.16% O 17.31%
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
