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Page 8 The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all

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Page 8 The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets 40,000 25,000 20,000 210,000 295,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $ 60,000 85,000 $295,000 Income Statement Sales revenue $ 85,000 Cost of goods sold Gross profit Operating expenses Net income 40,000 20,000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6,000 $20 0.90 $30,000 What is the return on common stockholders' equity for this company? A) 23.3% B) 5.0% C) 53.3% D) 13.3%

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