Question
On January 1, 2022, Metlock, Inc. purchased 1,100 shares of treasury stock. Other information regarding Metlock, Inc. is provided as follows. 2022 2021 Net income
On January 1, 2022, Metlock, Inc. purchased 1,100 shares of treasury stock. Other information regarding Metlock, Inc. is provided as follows.
| 2022 | 2021 | |||
|---|---|---|---|---|
| Net income | $ 220,000 | $ 195,000 | ||
| Dividends on preferred stock | $ 35,000 | $ 35,000 | ||
| Dividends on common stock | $ 26,000 | $ 21,000 | ||
| Weighted-average number of common shares outstanding | 10,900 | 12,000 | ||
| Common stockholders equity beginning of year | $ 688,000 | $ 598,000 | ||
| Common stockholders equity end of year | $ 758,000 | $ 688,000 |
Compute return on common stockholders equity for each year.
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Microfinance
Authors: Gianfranco A. Vento, Mario La Torre
4th Edition
1403997896, 9781403997890
