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Pharoah Service Corporation had net income of $154300 and paid dividends of $47000 to common stockholders and $23500 to preferred stockholders in 2025. Pharoah's common

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Pharoah Service Corporation had net income of $154300 and paid dividends of $47000 to common stockholders and $23500 to preferred stockholders in 2025. Pharoah's common stockholders' equity at the beginning and end of 2025 was $960000 and $1220000, respectively. The company's return on common stockholders' equity was 14%. 9%. 12% 8%

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