Question 11 (6 points) *The following selected data were taken from the financial statements of the Hudson Group for December 31, 2012, 2011, and 2010: Dec. 31, 2012 Dec 31, 2011 Dec. 31, 2010 Total assets $3,000,000 $2,700,000 $2,400,000 Notes payable (10% interest) 1,000,000 1,000,000 1,000,000 Common stock 400,000 400.000 400.000 Preferred $6 stock, $100 par (no change 200,000 during year) 200.000 200,000 Retained earnings 1,126,000 896,000 600.000 The 2012 net income was $242,000 and the 2011 net income was $308,000. No dividends on common stock were declared between 2010 and 2012 The Rate Earned on Stockholders' Equity for 2012 is: Note: No special instruction is given in this problem so use the appropriate ayCras needed 11 U00,00 The 2012 net income was $242,000 and the 2011 net income was $308,000. No dividends on common stock were declared between 2010 and 2012. The Rate Earned on Stockholders' Equity for 2012 is: Note: No special instruction is given in this problem so use the appropriate average needed (Round your answer to one decimal point) 12.0% 16.0% 15.09 22.8% View hint for Question 11 Page 11 of 22 Previous Page Next Page