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Return on Common Stockholders' Equity Los Altos, Inc., disclosed the following information in a recent annual report: Net income Preferred stock dividends Average common stockholders'
Return on Common Stockholders' Equity Los Altos, Inc., disclosed the following information in a recent annual report: Net income Preferred stock dividends Average common stockholders' equity Dividend per common share Earnings per share Market price per common share, year-end Year 1 Year 2 $35,000 $55,000 3,000 3,000 1,200,000 1,500,000 1.20 1.20 1.90 2.05 19.50 21.00 Calculate the return on common stockholders' equity for Los Altos, Inc. for both ye Round to two decimals. Year 1 0% Year 2 0% Return on Common Stockholders' Equity > Did the return improve from Year 1 to Year 2? Check
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