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please show formula for computing return in common stockholders equity for 2017. Use the following financial statement information as of the end of each year
please show formula for computing return in common stockholders equity for 2017.
Use the following financial statement information as of the end of each year to answer this question. Inventory Current assets Total assets Current liabilities Total liabilities Total stockholders' equity Preferred stock Net sales Cost of goods sold Net income Tax expense Interest expense Dividends paid to preferred stockholders Dividends paid to common shareholders 2017 $54,000 81,000 392,000 27,000 102,000 290,000 10,000 784,000 306,000 34,000 22,000 12,000 2,000 1,000 2016 $48,000 106,000 336,000 36,000 88,000 248,000 10,000 697,000 277,000 90,000 18,000 12,000 2,000 1,000 Compute the return on common stockholders' equity for 2017. 11.5% 11.0% 12.6% 12.4% Click if you w Step by Step Solution
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