1. Presented below is information related to Johnson Corporation:

   Common Stock, $1 par $5,500,000

   Paid-in Capital in Excess of ParCommon Stock 350,000

   Preferred 8 1/2% Stock, $50 par 1,000,000

   Paid-in Capital in Excess of ParPreferred Stock 200,000

   Retained Earnings 1,200,000

   Treasury Common Stock (at cost) 120,000

   The stockholders' equity of Johnson Corporation is:

   		$6,930,000
   		$7,050,000
   		$8,130,000
   		$7,580,000

QUESTION 3

1. Woodrow Corporation had the following information in its financial statements for the years ended 2017 and 2018:

   Cash dividends for the year 2018 $ 4,000

   Net income for the year ended 2018 90,000

   Market price of stock, 12/31/17 20

   Market price of stock, 12/31/18 22

   Common stockholders equity, 12/31/17 1,500,000

   Common stockholders equity, 12/31/18 1,800,000

   Outstanding shares, 12/31/18 150,000

   Preferred dividends for the year ended 2018 10,000

   What is the rate of return on common stock for Woodrow Corporation for the year ended 2018?

   		4.45%
   		4.85%
   		5.0%
   		5.34%