Question
Presented Below is information related to Orender, Inc. December 31, 2015 2014 Common Stock $75,000 $60,000 4% Preferred Stock $350000 $350000 Retained earnings (includes net
Presented Below is information related to Orender, Inc.
December 31,
2015 2014
Common Stock $75,000 $60,000
4% Preferred Stock $350000 $350000
Retained earnings (includes net income from current year) $90000 $75000
Net Income for the year $35000 $32000
What is Orender's rate of return on Common Stock Equity for 2015?
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Excel For Auditors
Authors: Bill Jelen, Dwayne K. Dowell
1st Edition
1932802169, 978-1932802160
