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Player Holland Corporation's annual report is as follows. March 31, 2016 March 31, 2017 Net Income $ 353 comma 000 $ 3 5 3 ,
Player Holland Corporation's annual report is as follows.
Based on the information provided, find the rate of return on common stockholders' equity on March 31, 2017. (Round your final answer two decimal places.)
March 31, 2016 | March 31, 2017 | ||
Net Income | $ 353 comma 000$353,000 | $ 433 comma 500$433,500 | |
Preferred Dividends | 0 | 0 | |
Total Stockholders' Equity | $ 4 comma 240 comma 000$4,240,000 | $ 5 comma 102 comma 000$5,102,000 | |
Stockholders' Equity attributable to Preferred Stock | 0 | 0 | |
Number of Common Shares Outstanding | 289 comma 000289,000 | 203 comma 000203,000 |
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