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Question 1 (1 point) The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000 Stockholders
Question 1 (1 point) The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets $300,000 Stockholders equity common 160,000 Total stockholders equity 200.000 Sales 100,000 Net income 20,000 Number of shares of common stock 6,000 Common stock dividends 6,000 Preferred stock dividends 4,000 What is the return on common stockholders' equity ratio for Benedict? 1) 12.5% 2) 10.0% 3) 8.8% 4) 8.0%
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